Asia -  Sydney, Australia

For a comprehensive review of the Asia market, click below:
HVS In-Depth Asia Hotel Valuation Index:   2018 | 2016

Sydney was the strongest performer in Australia with an increase in value of 11.9% and 8.5% over 2016 in USD and AUD respectively. This is bolstered by the strengthening Australian Dollar between 2016 and 2017. With a robust growth in total arrivals of 7.9%, the increase in supply between 2015 and 2017 did not dampen occupancy. It remained relatively constant between 85-86%, while rates increased by an estimated 8.5%. With good economic conditions and high Chinese tourist arrivals following Australia’s new open capacity aviation agreement with China in December 2016, strong hotel performance is expected to continue. In recent years, transactions in the market have been few but there is no lack of investors seeking opportunities. HVS tracks new supply of approximately 1,055 rooms (from midscale to luxury segments) in the first half of 2019. This is expected to put slight pressure on occupancy levels but rates will stay strong with newer products. Backed by strong market performance, HVS forecasts hotel values to remain relatively stable in Sydney.

Change In Value For Market:

Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Sydney RevPAR Change

Sydney RevPAR

Year RevPAR
2013 157.49
2014 151.01
2015 135.93
2016 139.46
2017 151.46
2018 154.95
2019 172.42
2020 (f) 164.38

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)