Tuesday, March 20, 2018

Tag Archives: str

Melbourne reports increase in supply and demand

STR’s preliminary August 2016 data for Melbourne, Australia, indicates flat year-over-year performance. Based on daily data from August, Melbourne reported the following in year-over-year comparisons: increases in supply (+2.7%) and demand (+2.7%); flat occupancy at 82.9%; a 0.1% decrease in average daily rate (ADR) to AUD178.20; and flat revenue per available room (RevPAR) at AUD147.72. Saturday nights during the month …

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APAC hotel rooms under construction down 4.1% YOY for June

STR’s June 2016 Pipeline Report shows 576,712 rooms in 2,508 projects under contract in the Asia Pacific region. The total represents a 4.0% increase in rooms under contract compared with June 2015 but a 4.1% year-over-year decrease in rooms in construction. Under contract data includes projects in the in construction, final planning and planning stages but does not include projects …

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