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The State of Origin match between New South Wales and Queensland helped boost the overall occupancy for the month The State of Origin match between New South Wales and Queensland helped boost the overall occupancy for the month

STR: Preliminary June Data for Melbourne Hotels

STR’s preliminary June data for hotels in Melbourne, Australia, indicates strong growth in both supply and demand.

Based on daily data from June, Melbourne reported the following in year-over-year comparisons; Supply increased by 2.5 percent while demand grew by 27 percent. Meanwhile, occupancy rate increased by 0.2 percent to 77.7 percent.

Additionally, the Average daily rate (ADR) fell by 1.1 percent to AUD173.64 (USD129.19) while Revenue per available room (RevPAR) had a deficit of 0.9 percent to AUD134.99 (USD100.42).

Despite demand (room nights sold) outpacing supply, hotels in Melbourne reported a second consecutive month with year-over-year declines in ADR and RevPAR. STR analysts note that this decrease was likely because of the winter season in the market.