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Melbourne Hotel Occupancy Drops 47 Percent During March

Reflecting the circumstances around the COVID-19 pandemic, STR’s preliminary data for Sydney, Australia, shows significantly lower hotel performance across the three key performance metrics.

Comparison with March 2019:

• Occupancy: -47.0% to 46.2%
• Average daily rate (ADR): -11.1% to AUD204.89
• Revenue per available room (RevPAR): -52.9% to AUD94.56

Daily data for the month shows 31 consecutive days of double-digit RevPAR declines. The daily percentage declines escalated from the enactment of additional government containment measures which took effect on 22 March.

STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 10 countries around the world with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.

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