Melbourne’s hotel performance fell in August - Insights
Global News

Melbourne’s hotel performance fell in August

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 in 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 of occupancy in the 40% range.

Tags: ,
Media

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an inte…

Related Courses

Related Articles

UNITE HERE: At the Federal Reserve’s Doorstep Workers Demonstrate About Economic Woes with Subcontractor
Original Group expands its Temptation Resorts brand to Miches, Dominican Republic

You might also like:

Join over 60,000 industry leaders.

Receive daily leadership insights and stay ahead of the competition.

Most popular:

Popular this week: