“Sydney hotels, operating under restricted trading since late June, recorded occupancy rates under 2 per cent as the lockdowns crippled leisure, international and corporate bookings,” he said.

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“Operators across pandemic-battered capital city markets, such as Sydney are haemorrhaging cash, with takings down between 70 and 90 per cent compared to July 2019.“

In the latest Deloitte’s tourism and hotel market outlook it reveals that inbound international and interstate
travel fell by 81 per cent and 65 per cent respectively. This impact resulted in a loss of around $85 billion in visitor spend.

“Pre-pandemic we relied on hotels for travel, leisure, and work; during the pandemic they have been critical infrastructure. Now is the time to reposition our hotels as drivers of economic activity and great places to be,” he said.