Article Summary:

Melbourne hotel occupancy declined 2.4% to 81.9% in August, according to preliminary monthly data from STR. ADR increased 0.5% to 180.06 Australian dollars ($123.70) and RevPAR decreased 1.9% to AU$147.47 ($101.31).

Primary Category: Other Reports

Secondary Categories: Asia/Pacific, Data Dashboard, News Release

LONDON—STR’s preliminary August 2019 data for hotels in Melbourne, Australia, indicates lower overall performance, but higher room rates.

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

• Supply: +4.8%
• Demand: +2.3%
• Occupancy: -2.4% to 81.9%
• Average daily rate (ADR): +0.5% to AUD180.06
• Revenue per available room (RevPAR): -1.9% to AUD147.47

The absolute ADR level would be the highest for an August in Melbourne since 2013. STR analysts note that overall performance was limited by sustained new supply, but events helped maintain room rates. Daily data showed that RevPAR increased more than 20% during 22-24 August, helped by USA vs. Australia basketball.

STR will release full August results later this month. The August edition of the Melbourne Centre submarket forecast is available now through www.str.com/consulting-services/forecasts .

About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. For more information, please visit str.com.

Contact
media@str.com
+44 (0)207 922 1965

The above is a news release written by a third party. While HNN’s editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. All news releases are clearly marked as such. For questions and clarification, please contact Editorial Director Stephanie Ricca at sricca@hotelnewsnow.com.

No Comments

Comments that include blatant advertisements or links to products or company websites will be removed to avoid instances of spam. Also, comments that include profanity, lewdness, personal attacks, solicitations or advertising, or other similarly inappropriate or offensive comments or material will be removed from the site. You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent company, STR and its affiliated companies. Please report any violations to our editorial staff.

Main Image

Hide Headline: No

Hide Sharing Icons: No

Hide Feature Image: No

Hide Summary: No

Feature:

Third Party Article: No

Headline: STR: Preliminary August data for Melbourne hotels

LegacyId: 0

Article Time: 8:48:00 AM