Sydney WorldPride 2023 Pushed Lodge Efficiency to Pre-Pandemic Ranges

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Sydney WorldPride 2023 drove the market’s lodge common every day charge (ADR) and income per obtainable room (RevPAR) above pre-pandemic ranges, whereas occupancy remained barely beneath 2019, in response to preliminary knowledge from STR.

In the course of the 17-day occasion, Sydney’s highest occupancy ranges had been recorded on Saturday, March 4 (95.8%) and Saturday, Feb. 25 (95.4%). All through the interval, every day occupancy remained above 80% with solely three days falling beneath that mark.

“WorldPride was held for the primary time within the Southern Hemisphere with Sydney internet hosting a collection of occasions throughout two weeks to commemorate LGBTQIA+ pleasure and have a good time contributions made,” stated Matthew Burke, STR’s regional director for Pacific, Japan & Central South Asia. “The pageant generated huge curiosity with accommodations reporting constantly excessive occupancy and room charges.”

When put next with the matching 17-day interval in 2019, Sydney occupancy was 2.3% decrease whereas ADR (+25.7%) and RevPAR (+22.1%) had been every up by double figures. In greenback phrases, lodging operators noticed a room income raise of 43 million Australian {dollars} from 2019.

“Room charge through the interval reached its peak on Saturday, Feb. 25, the day of the Mardi Gras Parade, with the metric coming in at AU$414, whereas occupancy reached 95.4%. That evening was at all times anticipated to supply a excessive occupancy degree, with STR’s Ahead STAR knowledge indicating a spike in occupancy on the books seen as early as November 2022.”

STR offers premium knowledge benchmarking, analytics and market insights for the worldwide hospitality business. Based in 1985, STR maintains a presence in 15 nations with a company North American headquarters in Hendersonville, Tennessee, a world headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the main supplier of business actual property info, analytics and on-line marketplaces. For extra info, please go to and

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