STR: Melbourne hotels post best performance of the pandemic-era
Melbourne’s hotel performance reached a pandemic-era high, according to preliminary October 2022 data from STR.
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 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.
Media Contact
Haley Luther
Senior Communications Manager [email protected] +1 (216) 278 0627