Wednesday, August 23, 2017

Preliminary February data in slight decline for Melbourne hotels

STR’s preliminary February 2017 data for Melbourne, Australia, indicates significant occupancy levels.

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

  • Supply: +2.8%
  • Demand: +2.2%
  • Occupancy: -0.6% to 88.1%
  • Average daily rate (ADR): -5.4% to AUD191.63
  • Revenue per available room (RevPAR): -5.9% to AUD168.89

Despite the slight decline, the absolute occupancy figure would be near the highest for a February on record in the market. STR analysts note that level as impressive considering significant supply growth, which also placed pressure on ADR.

STR will release actual February 2017 results later this month. The February edition of STR’s Market Forecast is now available.

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

White Night returns to Melbourne and Ballarat

The Andrews Labor Government is bringing White Night back to Melbourne and back to Ballarat for a second time in 2018, with a surge in hotel bookings expected.

Vail Resorts makes ‘epic’ commitment

Vail Resorts, Inc. has announced that the Company will aggressively pursue a comprehensive sustainability commitment, called 'Epic Promise for a Zero Footprint'.

A match made in designer heaven

QT Melbourne has announced a partnership with Melbourne Fashion Week (MFW) 2017, securing a collaboration which celebrates fashion, design and creative innovators across Australia.