Australian Grand Prix Lifting Melbourne Hotel Bookings to 29-Month High

STR | April 7, 2022

ADELAIDE, Australia — April 7, 2022 — This weekend’s Australian Grand Prix is lifting Melbourne’s hotel occupancy on the books to its highest level since November 2019, according to STR’s Forward STAR. As of 4 April, the Thursday-Sunday (7-10 April) average in the market is 89% with a peak of 94% on Saturday night. Should that Saturday level actualize, it would be the market’s highest daily occupancy since 30 November 2019 as well as the highest occupancy for any major Australian capital since New Year’s Eve 2019.   “Ever since the calendar dates were announced, Melbourne’s bookings have been progressively bui...