STR: Melbourne hotel rates reached pandemic-era highs in November

Reflecting the end of lockdown and eased travel restrictions, Melbourne’s hotel industry reported its highest room rates of the pandemic-era, according to preliminary November 2021 data from STR.

• Occupancy: 33.9%
• Average daily rate (ADR): AUD169.06
• Revenue per available room (RevPAR): AUD57.30

The market’s absolute ADR level was the highest since March 2020, while occupancy and RevPAR were the highest since May 2021.

Looking ahead at the upcoming holiday season, STR’s latest Forward STAR data shows Melbourne’s highest occupancy on the books on 31 December (49.9%).

All of STR’s COVID-19 analysis can be found here.