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 this month holding 48% occupancy on the books, which supports the sustained occupancy recovery.
Advertisements
All of STR’s COVID-19 analysis can be found here.
