Melbourne Hotels
STR: Melbourne Hotels Reached Record-High Room Rates in December
STR | January 16, 2023
LONDON—Melbourne’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to preliminary December 2022 data from STR. Occupancy: 67.7% Average daily rate (ADR): AUD236.53 Revenue per available room (RevPAR): AUD160.22 The ADR and RevPAR levels surpassed the pre-pandemic comparables by 27.2% and 9.1% respectively, while occupancy remained below the 2019 comparable (-14.3%). Daily data shows the month’s highest occupancy level was recorded on Saturday, 10 December (90.0%), with the market’s daily occupancy levels remaining above the 60.0% mark throughout the first half of the month. T...
STR: Melbourne’s Hotel Performance Fell in August
STR | September 19, 2022
ADELAIDE—Melbourne’s hotel performance fell from the previous month, but room rates remained well above the pre-pandemic comparable, according to preliminary August 2022 data from STR. Occupancy: 59.0% Average daily rate (ADR): AUD207.05 Revenue per available room (RevPAR): AUD122.10 While ADR was higher than August 2019, the occupancy and RevPAR levels remained below the pre-pandemic comparables at -27.3% and -16.1%, respectively. When looking at daily data, the highest occupancy level was recorded on Saturday, 20 August (80.6%). The market’s daily occupancy levels remained above 50% for the month, with just five days...
STR: Melbourne Hotel Performance Improved in June
STR | July 15, 2022
ADELAIDE—Melbourne’s hotel industry was back on the recovery track with higher performance from the prior month, according to preliminary June 2022 data from STR. Occupancy: 61.1% Average daily rate (ADR): AUD210.54 Revenue per available room (RevPAR): AUD128.72 The occupancy level was well below the 2019 comparable (72.2%) while ADR was up by AUD42. When looking at daily data, Melbourne hotels saw 29 days of occupancy levels above 50%. While demand continues to strengthen each month, occupancy growth has been slightly muted due to increases in supply. As of 4 July, STR’s Forward STAR data shows the remainder of t...
STR: Melbourne Hotel Rates Reached Pandemic-Era Highs in January
STR | February 14, 2022
LONDON — February 14, 2022 — Helped by the Australian Open, Melbourne’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary January 2022 data from STR. Occupancy: 40.8% Average daily rate (ADR): AUD204.21 Revenue per available room (RevPAR): AUD83.28 The market’s absolute ADR level was its highest since November 2019, while the occupancy and RevPAR levels were slightly lower compared with the month prior. January’s result is a representation of event-driven demand, as Melbourne performance is pushed more by domestic leisure travel and less by hotel quarantine contribution. M...
