Lifted by the Australian Grand Prix, Melbourne’s hotel industry reported its highest monthly room rates on record, according to preliminary April 2022 data from STR.
- Occupancy: 65.1%
- Average daily rate (ADR): AUD238.30
- Revenue per available room (RevPAR): AUD155.14
The market’s occupancy level was its highest since February 2020, while RevPAR was the highest since November 2019.
When looking at daily data, the night prior to race day (9 April) showed the highest performance levels for the month: occupancy (89.2%), ADR (AUD387.51) and RevPAR (AUD345.68). The Grand Prix weekend (8-10 April) was the only time during the month when daily ADR was over AUD300.
London hotels saw highest occupancy of the pandemic-era in April
London’s hotel industry reported its highest monthly occupancy level since February 2020, according to preliminary April 2022 data from STR.
- Occupancy: 72.0%
- Average daily rate (ADR): GBP151.42
- Revenue per available room (RevPAR): GBP108.98
While occupancy increased month over month, it was down roughly 11% from the pre-pandemic comparable. The absolute ADR level was slightly lower than the previous month but up more than 6% from April 2019.
London’s daily occupancy stayed above 60% with the exception of Monday, 18 April (50.2%). The highest occupancy level was reported on Tuesday, 26 April (83.7%), and overall improvement in weekday levels points to a return of corporate demand.
All of STR’s COVID-19 analysis can be found here.
