Melbourne Hotel Industry
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...
STR: Melbourne Hotel Rates Reached Pandemic-Era Highs in November
STR | December 14, 2021
LONDON — December 14, 2021 — Reflecting the end of lockdown and eased travel restrictions, Melbourne’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary November 2021 data from STR. Occupancy: 33.9% Average daily rate (ADR): AUD169.06 Revenue per available room (RevPAR): AUD57.30 The market’s absolute ADR level was the highest since March 2020, while occupancy and RevPAR were the highest since May 2021. Looking ahead at the upcoming holiday season, STR’s latest Forward STAR data shows Melbourne’s highest occupancy on the books on 31 December (49.9%). All of STR’s COV...
