SYDNEY Sydney hotels experienced record occupancy rates during the 2000 Olympic Games, according to a survey released by Arthur Andersen.
Director of Arthur Andersens Hospitality & Leisure Group, Rutger Smits said Sydney s four- and five-star hotels capitalized on the event. The Olympic Performance Survey showed five-star Sydney properties recorded average room rates (ADR) during the Olympic period in excess of $247 per room and occupancy rates of 100%. Properties in the four- star category achieved an ADR of almost $133 and 100% occupancy from September 16-30 and for other star grades surveyed occupancy rates once again stood at 100% across the Olympic Games.
When responses were split into a “Pre-Olympic” and “Olympic” period, this showed the lead-up two-week period to be weaker with average occupancy rates of 67.3%. However, average room rates were still at a premium, boosting room yield across the month. (11/21/00)