STR: Preliminary August data for Melbourne hotels
STR's preliminary August 2018 data for hotels in Melbourne, Australia, indicates lower occupancy with higher rates. Based on daily data from August, Melbourne reported the following in year-over-year comparisons:
STR's preliminary August 2018 data for hotels in Melbourne, Australia, indicates lower occupancy with higher rates.
Based on daily data from August, Melbourne reported the following in year-over-year comparisons:
- Supply: +2.5%
- Demand: +1.6%
- Occupancy: -0.9% to 84.0%
- Average daily rate (ADR): +2.2% to AUD179.89
- Revenue per available room (RevPAR): +1.3% to AUD151.18
Despite August being one of the colder months of the year, absolute occupancy for Melbourne hotels was the highest for any month since March 2018. The absolute ADR level would be the highest for an August since 2014, while the absolute RevPAR level would be the highest for an August since 2013.
STR will release full August results later this month.
About CoStar Group, Inc.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.
CoStar Group’s websites attracted over 139 million average monthly unique visitors in the fourth quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com.