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Hospitality

STR: Preliminary December data for Melbourne hotels

Author: Theodore Koumelis / Date: Tue, 01/12/2021 - 08:16
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When looking at daily data, the highest performance was seen on New Year’s Eve: occupancy (63.8%), ADR (AUD239.87) and RevPAR (AUD153.08).

LONDON - Melbourne’s hotel industry reported its highest performance levels since early in the pandemic, according to preliminary December 2020 data from STR.

Year-over-year declines remained significant in comparison with December 2019:

  • Occupancy: 40.9% (-48.3%)
  • Average daily rate (ADR): AUD149.90 (-19.4%)
  • Revenue per available room (RevPAR): AUD61.35 (-58.3%)

Each of the three key performance metrics were the highest in Melbourne since March. The market was helped by weekend leisure demand as the local economy began to reopen post-lockdown. When looking at daily data, the highest performance was seen on New Year’s Eve: occupancy (63.8%), ADR (AUD239.87) and RevPAR (AUD153.08).

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Theodore Koumelis

Co-Founder & Managing Director

Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.