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 this month holding 48% occupancy on the books, which supports the sustained occupancy recovery.
All of STR’s COVID-19 analysis can be found here.
About STR
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 international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
Media Contact
Haley Luther
Communications Manager
hluther@str.com
+1 (216) 278 0627
General Media Inbox
media@str.com
0 Comments