"Sydney's high occupancy levels illustrative of strong underlying demand" - Knight Frank
According to leading hotel researcher STR Global, Sydney hotels currently enjoy occupancy of over 85%, the highest out of all major cities in Australia. This has largely been underpinned by strong demand for quality accommodation from tourists and business travellers.
Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market.
Scarcity sees Sydney five-star hotel room values soar Michael Simpson Savills Hotels
The rarer a commodity the higher its price. Strong investor demand combined with a lack of stock, very limited supply growth and sustained outperformance have created a perfect storm for Sydney’s five-star hotel market, according to Savills Hotels.
