June events lifted Sydney hotel performance

ARLINGTON, Va – 14 July 2026 – Several events helped Sydney’s hotel industry achieve year-over-year performance growth in June, according to preliminary data from CoStar, a leading provider of online real estate marketplaces, information, and analytics in the property markets.

June 2026 (year-over-year % change):

• Occupancy: 74.1% (+1.1%)
• Average daily rate (ADR): AUD243.81 (+2.6%)
• Revenue per available room (RevPAR): AUD180.77 (+3.7%)

The market’s occupancy was its highest for a June since 2019.

Sydney’s performance reached highs on the night of the penultimate VIVID Sydney (6 June): occupancy (92.7%), ADR (AUD323.93) and RevPAR (AUD300.39). This was the only night during the month that ADR and RevPAR exceeded AUD300. Those monthly highs were further supported by the Al Shami concert as well as the Sydney Film Festival.

“Given the 0.1% supply decrease in the market, all demand growth builds occupancy in Sydney,” said Matthew Burke, STR’s regional director. “The annual Vivid Sydney and Sydney Film Festival underpin demand for Sydney’s historically softest occupancy month.”

Throughout the month, Sydney’s occupancy levels remained above the 60% mark on all but three nights.

“Sydney’s occupancy on the books is tracking two percentage points below the same time last year for July and one percentage point below for August,” Burke said. “However, the overall level remains a positive indicator, given that demand last year was boosted by the British & Irish Lions tour.”

For more information about the company and its products and services, please visit www.costargroup.com.

Additional Performance Data
CoStar’s world-leading hotel performance sample comprises more than 94,000 properties and 12 million rooms around the globe. Members of the media should refer to the contact listed below for additional data requests.

Media Contact
Karolina Capova
Senior Media Relations Specialist
kcapova@costar.com 

About CoStar Group 
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that occupancy rates and average daily rates are not as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022 and Forms 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.