STR: Melbourne hotel performance improved in June
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.
ADELAIDE - 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.
All of STR’s COVID-19 analysis can be found here.
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