LONDON—Reflecting the continued impact of the COVID-19 pandemic, April was Melbourne’s worst hotel performance month on record, according to preliminary data from STR.
Comparison with April 2019:
- Occupancy: -62.8% to 28.8%
- Average daily rate (ADR): -32.8% to AUD115.22
- Revenue per available room (RevPAR): -75.0% to AUD33.16
The absolute levels across the three metrics are the lowest for any month in STR’s Melbourne database. The occupancy level was down from 47.8% in March.
Showing how far levels have fallen across the country, Melbourne’s occupancy was the second highest across Australia’s state and territory capitals, just behind Perth, which was the only capital to record greater than 30% occupancy in April.
All of STR’s COVID-19 analysis can be found here.
About STR
STR provides premium data benchmarking, analytics and marketplace insights for global hospitality sectors. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, an international headquarters in London, and an Asia Pacific headquarters in Singapore. STR was acquired in October 2019 by CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces. For more information, please visit str.com and costargroup.com.
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