ADELAIDE - Melbourne’s hotel performance reached a pandemic-era high, according to preliminary October 2022 data from STR.

  • Occupancy: 69.9%
  • Average daily rate (ADR): AUD232.07
  • Revenue per available room (RevPAR): AUD162.21

The market’s ADR level was the highest for any month on record, while occupancy and RevPAR were the highest since February 2020 and November 2019, respectively.

While improved, occupancy remained 17.5% below the pre-pandemic comparable.

More of STR’s analysis can be found here.

About STR

STR provides premium data benchmarking, analytics and marketplace insights for the global hospitality industry. Founded in 1985, STR maintains a presence in 15 countries with a North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.

Haley Luther
Communications Coordinator
+1 615 824 8664 ext. 3500
STR

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