Sydney’s hotels have been hit by lowered corporate spending, official statistics show.
from the Australian Bureau of Statistics for the final quarter of last
year reveals that demand dropped 3.2 percent across all sectors, with
occupancy levels falling 4.3 percent, to 80.8 percent.
Sydney city hotels recorded their strongest March and June quarters on
record, despite a softening in leisure tourism as a result of the high
Australian dollar, which contributed to surging outbound travel.
However, the data also shows that on average room rates held steady across all categories at AU$151.28 (US$142).
last year, many companies started to restrict corporate travel, a key
sector for most Sydney hotels. In November, normally an important month
for Sydney hotels because of corporate events and pre-Christmas
conferences, occupancy fell to 85 percent, whereas it had been closer
to 90 percent in the previous two years.
For further details please visit, www.abs.gov.au