Special Market Report, Issue 68: Sydney

By On 14th July 2016

Stefan Muff of Horwath HTL Australia has written the next in our series of Special Market Reports, focusing on Australia and Sydney’s market.

Australia’s hotel markets saw mixed results in 2015. Sydney and Melbourne continue to perform well while the resource heavy cities of Darwin, Brisbane and Perth all posted drops in RevPAR. In 2015 Sydney was the best performing hotel market in Australia, recording an occupancy of 85% and an ADR of A$212. After a number of years of almost no supply growth, new properties are finally entering the market. Robust economic growth coupled with rising domestic and international tourism numbers should see demand for rooms continue to grow, offsetting the supply increases. 2016 is set to be another strong year for Sydney’s hotel market, with RevPAR likely to grow 1.7% to A$184. Overall we forecast RevPAR to grow at a robust CAAG rate of 2.9% in the years to 2020.

About The Author

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Stefan Muff

Stefan Muff is a Consultant at Horwath HTL Australia in Sydney where he focuses on conducting hotel feasibility studies, operator selections, operational reviews and asset management. He is highly knowledgeable on the performance of Australia’s diverse hotel markets and specialises in producing hotel market outlooks. Stefan is also a regular contributor to both internal and external publications and has written for the Global Hotel Network among others. Stefan’s 10 years’ of experience in the hotel industry started with operational roles in Australia, Switzerland, France, the US and later China, where he was involved in the pre-opening of the largest conference hotel, the Kempinski Qingdao. Prior to joining Horwath HTL Australia in Sydney, Stefan worked as a consultant for AHS Advisory in Sydney and before that PKF Hotels in Shanghai, conducting feasibility studies and market reviews throughout greater China. Stefan grew up in Singapore and Sydney and then completed his Bachelor of Science in International Hospitality Management at the École hôtelière de Lausanne, Switzerland.
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