STR: Australia’s Latest Lockdowns Curtail Hotel Bookings

The emergence of a new variant of coronavirus and imposition of latest lockdowns in parts of Australia has adversely affected hotel occupancy levels in key markets of the country, according to data from STR’s Forward STAR, which benchmarks hotel occupancy worldwide.    

Among the most notable cities to be hit is Sydney, whose occupancy on the books is down an average of 13.8 percent when comparing the June 28 data update with the data release from June 21. Occupancy for the week ending July 3 is unlikely to exceed the 20 percent mark, which would be a 50