Sydney outperforms rest of Australia in hotel room rates: Savills

Sydney outperforms rest of Australia in hotel room rates: Savills
Sydney outperforms rest of Australia in hotel room rates: Savills

The hospitality sector continued its growth trajectory in 2017, according to recent data from Savills.

Revenue per available room Australia-wide increased 2.3% for the year-to-date till September, according to Savills Hotels recent quarterly update.

Sydney continued to outperform Australian markets with a RevPAR gap of $40+ over the next best market performer, Melbourne.

Perth was the worst performer, with RevPAR down down 13.3%.

The best growth markets were Canberra (up 11.8%), Cairns (up 9.4%) and Sydney (up 6.2%). 



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Sydney outperforms rest of Australia in hotel room rates: Savills

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Sydney outperforms rest of Australia in hotel room rates: Savills

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Savills Hotel Industry

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