STR: Preliminary February data for Melbourne hotels
Based on daily data from February, Melbourne reported the following in year-over-year comparisons:
- Supply: +2.2%
- Demand: +3.5%
- Occupancy: +1.2% to 88.8%
- Average daily rate (ADR): +0.3% to AUD191.08
- Revenue per available room (RevPAR): +1.5% to AUD169.72
STR analysts note that the month looks to be Melbourne's first February with strictly positive year-over-year comparisons since 2015. Increased domestic travel could be suggested as a reason behind the summer season performance, as household income and spending are each up, according to the Australian Bureau of Statistics.
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