STR: Preliminary June data for Melbourne hotels
 
STR: Preliminary June data for Melbourne hotels
11 JULY 2018 7:57 AM

In June, Melbourne hotels reported year-over-year demand growth (+2.7%) slightly above supply growth (+2.5%), which resulted in nearly flat (+0.2%) occupancy, and declines of 1.1% in ADR and 0.9% in RevPAR. 

LONDON—STR’s preliminary June 2018 data for hotels in Melbourne, Australia, indicates strong growth in both supply and demand. 

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

  • Supply: +2.5%
  • Demand: +2.7%
  • Occupancy: +0.2% to 77.7%
  • Average daily rate (ADR): -1.1% to AUD173.64
  • Revenue per available room (RevPAR): -0.9% to AUD134.99

Despite demand (room nights sold) outpacing supply, hotels in Melbourne reported a second consecutive month with year-over-year declines in ADR and RevPAR. STR analysts note that this decrease was likely because of the winter season in the market.

The State of Origin match between NSW and QLD helped occupancy reach 94.3% on 6 June, boosting overall occupancy for the month.

STR will release full June results later this month. The May edition of STR’s Market Forecast is available now for Melbourne and a host of other markets across the globe.

International Media Contacts:

Alex Anstett
Marketing & Communications
aanstett@str.com
+44 (0)207 922 1979

Naureen Ahmed
Director of Marketing, Research & Analysis
media@str.com
+44 (0)207 922 1965

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