STR: Preliminary October data for Melbourne hotels
STR: Preliminary October data for Melbourne hotels
13 NOVEMBER 2017 8:41 AM

Melbourne reported negative performance across all three metrics in October 2017, according to preliminary STR data. Occupancy decreased 1.5% to 86.2%, ADR dropped 5.5% to 191.62 Australian dollars ($146.38) and RevPAR declined 6.9% to AU$165.09 ($126.10).

LONDON—STR’s preliminary October 2017 data for hotels in Melbourne, Australia, indicates performance affected by supply growth.

Based on daily data from October, Melbourne reported the following in year-over-year comparisons:

  • Supply: +2.7%
  • Demand: +1.1%
  • Occupancy: -1.5% to 86.2%
  • Average daily rate (ADR): -5.5% at AUD191.62
  • Revenue per available room (RevPAR): -6.9% to AUD165.09

STR analysts note that the supply and demand growth imbalance negatively affected occupancy and ADR. Additionally, an earlier Australian Football League Grand Final (30 September 2017 versus 1 October 2016) was a contributing factor to the year-over-year decline in ADR.

STR will release full October 2017 results later this month.

Media Contacts:

Alex Anstett
Media & Communications Coordinator
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
+44 (0)207 922 1965

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