Sydney is leading the recovery in hotel occupancy rates as room supply remains tight. Figures from the Australian Bureau of Statistics show a strong rebound in the December quarter.
Industry advisers Dransfield Hotels & Resorts said results were well above expec-tations and confirmed “the economic tide has turned.” The key figure, revenue per available room or revPAR, fell 2.3 per cent nationally but this was much less than Dransfield and other analysts had expected.
In Canberra, revPAR actually increased, by 5.1 per cent, and also in Sydney, (2.6 per cent)and on the Gold Coast (0.8 per cent). Sydney was the industry’s best performer with hotel occupancy for the quarter reaching 86.8 per cent.
Industry advisers Dransfield Hotels & Resorts said results were well above expec-tations and confirmed “the economic tide has turned.” The key figure, revenue per available room or revPAR, fell 2.3 per cent nationally but this was much less than Dransfield and other analysts had expected.
In Canberra, revPAR actually increased, by 5.1 per cent, and also in Sydney, (2.6 per cent)and on the Gold Coast (0.8 per cent). Sydney was the industry’s best performer with hotel occupancy for the quarter reaching 86.8 per cent.
Hostels by enlarge are much cheaper than a hotel to stay in.
ReplyDeleteBuenos Aires Tourism