Melbourne hotel performance declined in November

Melbourne saw occupancy, ADR and RevPAR all decline in November
year-on-year according to preliminary data from STR.

The city’s occupancy rate reportedly decreased 3 percent, ADR
dropped 0.4 percent and RevPAR decreased 3.3 percent. Supply
increased 3.8 percent as did demand which went up 0.7 percent.

The data shows supply outpacing demand. Melbourne had a little
of hotel openings throughout the year, but despite major events
like Spring Racing Carnival, the demand did not match the
supply.

Source: FS – All-Hotels-Blogs
Melbourne hotel performance declined in November