Melbourne’s hotel performance reached a pandemic-era high, according to preliminary October 2022 data from STR.
- Occupancy: 69.9%
- Average daily rate (ADR): AUD232.07
- Revenue per available room (RevPAR): AUD162.21
The market’s ADR level was the highest for any month on record, while occupancy and RevPAR were the highest since February 2020 and November 2019, respectively.While improved, occupancy remained 17.5% below the pre-pandemic comparable.