Friday, February 22, 2019

Melbourne records first Feb with positive year-over-year comparisons since 2015

Increased domestic travel could be suggested as a reason behind the summer season performance, as household income and spending are each up, according to the Australian Bureau of Statistics. 

STR’s preliminary February 2018 data for hotels in Melbourne, Australia, indicates growth across the key performance metrics. 

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

  • Supply: +2.2%
  • Demand: +3.5%
  • Occupancy: +1.2% to 88.8%
  • Average daily rate (ADR): +0.3% to AUD191.08
  • Revenue per available room (RevPAR): +1.5% to AUD169.72

STR analysts note that the month looks to be Melbourne’s first February with strictly positive year-over-year comparisons since 2015.

About accomnews


Check Also

Hotels old, new and “genre defining” making news this week

The Mantra MacArthur hotel on Canberra’s Northbourne Avenue has hit the market less than two years since it’s opening heralded the start of a hotel building boom in the nation’s capital.

Goldie’s post-games glow eclipses national hotel gain

The Gold Coast was Australia’s top performing hotel market in 2018, its hosting of the Commonwealth Games touted as a major driver for growth last year.

How to combat speedy staff turnover

Low employment rates have companies vying for talent across industries, and it’s a job seeker’s market.

Leave a Reply

Your email address will not be published.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