STR reports that April 2020 was the worst month ever in terms of performance for Australian hotels. “The absolute occupancy, ADR and RevPAR levels were the lowest for any month in STR’s Australia database,” the company said.
- Occupancy: -72.7% to 19.9%
- ADR: -33.1% to AUD119.87
- RevPAR: -81.7% to AUD23.85
“Melbourne and Sydney saw year-over-year occupancy declines of 65.0% and 73.7%, respectively.” Occupancy is being supported by returning travelers forced to quarantine for 14 days.