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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.
ADELAIDE – 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.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales. She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
