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STR: Melbourne hotel performance improved in June

Author: Theodore Koumelis / Date: Thu, 07/14/2022 - 09:37
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Hotel industry was back on the recovery track with higher performance from the prior month, according to preliminary June 2022 data from STR.

Adelaide, Australia - 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.  
 

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