Helped by the FIFA Women’s World Cup, Sydney’s hotel industry recorded its highest monthly performance levels since March 2023, according to preliminary August 2023 data from CoStar.
August 2023 (year-over-year % change):
- Occupancy: 80.7% (+26.0%)
- Average daily rate (ADR): AUD261.83 (+9.0%)
- Revenue per available room (RevPAR): AUD211.19 (+37.3%)