Preliminary October data shows Melbourne hotel occupancy dipped 1.4% to 85.2%, ADR decreased 3.5% to 188.95 Australian dollars ($128.99) and RevPAR fell 4.9% to AU$160.98 ($109.90). continue reading →
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). continue reading →
Hotels in Melbourne reported occupancy fell 6.3% to 72.7% in June, according to preliminary monthly data from STR. ADR dipped 2.7% to 168.90 Australian dollars ($118.76) and RevPAR decreased 8.9% to AU$122.83 ($86.36). continue reading →
The absolute occupancy and RevPAR levels would be the lowest for an April in Melbourne since 2013. STR analysts partially attribute the decrease in performance to Easter (21 April) and Anzac Day (25 April) occurring during the same week, which caused a decrease in travel. continue reading →
This latest report by Damien Little, Horwath HTL Asia Pacific, provides a break down of where new supply additions will be located, as well as a break down by class so as to provide a greater insight as to the potential impacts of new supply additions on the Melbourne hotel market. continue reading →
According to preliminary November data from STR, hotels in Melbourne saw occupancy drop 3% to 86.6%, ADR dip 0.4% to 201.90 Australian dollars ($145.72) and RevPAR decline 3.3% to AU$174.92 ($126.43). continue reading →
Melbourne hotels reported occupancy dipped 0.9% to 84% in August, according to preliminary monthly data from STR, while ADR rose 2.2% to 179.89 Australian dollars ($128.17) and lifted RevPAR 1.3% to AU$151.18 ($107.72). continue reading →
Hotels in Melbourne saw occupancy increase 0.6% to 80.6% in April, according to preliminary monthly data from STR. ADR rose 0.6% to 176.36 Australian dollars ($133.29) and RevPAR increased 1.2% to AU$142.20 ($107.47). continue reading →