November events boosted Melbourne hotel performance, December looks promising
Melbourne hotels achieved record November RevPAR of AUD201.05 (+8.6%), driven by Melbourne Cup Carnival and Oasis concerts.
A mix of events lifted Melbourne hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs for November, according to preliminary data from CoStar. Forward bookings for December are also trending well ahead of last year. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
November 2025 (year-over-year % change):
- Occupancy: 82.6% (+4.9%)
- ADR: AUD243.47 (+3.6%)
- RevPAR: AUD201.05 (+8.6%)
In addition to the ADR and RevPAR highs, the market posted its highest occupancy level for any month since late 2019.
Melbourne’s ADR (AUD347.80) and RevPAR (AUD311.23) reached monthly highs on Saturday, 1 November, which was the first night of the Melbourne Cup Carnival and the night following the first Oasis Live 25 Tour concert in the city. That was the only night Melbourne’s RevPAR surpassed the AUD300 mark in November.
The only other occasion the market’s ADR exceeded AUD300 was on Saturday, 22 November (AUD 301.63), when the opening night of Giro della Donna 2025 coincided with the Boost Mobile AUSX Open Supercross.
Melbourne’s daily occupancy peaked (at 94.7%) on the first night of the AC/DC Power Up Tour–Wednesday, 12 November. The second-highest occupancy level (92.2%) was posted the night before.
“December is also looking promising, with forward occupancy on the books for December at 62% in comparison to the same time last year of 53%,” said Matthew Burke, regional director at STR. “The pending Boxing Day Ashes Test from the 26 December is the standout with occupancy averaging 74% between 24 and 29 December.”For more information about the company and its products and services, please visit www.costargroup.com.