Accommodation

STR Tourist Accommodation Quarterly Snapshot: December 2023

The STR Tourist Accommodation Quarterly Snapshot provides a summary of visitor accommodation data sourced from global data analytics provider STR’s database. They cover accommodation performance of hotels and serviced apartments with 10 or more rooms for NSW state and tourism regions, as provided by STR members on a voluntary basis.

In the December quarter 2023, occupancy rates for NSW were up by 3 percentage points compared to the same quarter in 2022. The increase was driven by higher occupancy in Sydney Tourism Region (TR), which was up by 5 percentage points.

Regional NSW’s occupancy declined slightly by 1 percentage point. NSW’s accommodation supply in the December quarter 2023 increased versus the September quarter 2023 – there were 11 more establishments and 1186 more rooms. Six of the new establishments were in Sydney TR and added 980 more rooms (83% of the rooms added to NSW for the quarter).

Regional NSW added five establishments with 206 extra rooms. Overall, Regional NSW holds a greater share of establishments (76 per cent) and around half the rooms (50.4 per cent) for the state.

Average Daily Rate and Revenue per Available Room, also increased for the state, driven by the Sydney Tourism Region and partly offset by a decrease in Regional NSW

Australian Accommodation Monitor

The Australian Accommodation Monitor (AAM) measures and tracks the performance of the Australian accommodation industry. STR, a global data analytics provider, conducts the AAM and relies on voluntary data provision of their member accommodation providers. STR Global database reports supply, demand and revenue for hotels & resorts, motels/private hotels/guest houses, serviced apartments and holiday parks with 10 or more rooms in NSW by tourism region and by market class. Australian Accommodation Monitor latest version can be accessed here.