Melbourne hotels post best performance of the pandemic-era.
Melbourne’s hotel performance reached a pandemic-era high, according to preliminary October 2022 data from STR.
- Occupancy: 69.9%
- Average daily rate (ADR): AUD232.07
- Revenue per available room (RevPAR): AUD162.21
The market’s ADR level was the highest for any month on record, while occupancy and RevPAR were the highest since February 2020 and November 2019, respectively.
While improved, occupancy remained 17.5% below the pre-pandemic comparable.
Riyadh’s hotel industry showed improved performance in October
Riyadh’s hotel industry showed improved performance from the month prior, according to preliminary October 2022 data from STR.
- Occupancy: 72.3%
- Average daily rate (ADR): SAR771.24
- Revenue per available room (RevPAR): SAR557.28
The market’s ADR and RevPAR levels surpassed the pre-pandemic comparable, while occupancy remained slightly below October 2019 (-4.0%).
Occupancy and ADR were the highest for any month since March 2022, while RevPAR was the highest since May 2011.
London’s hotel ADR and RevPAR surpassed pre-pandemic levels in October
London’s hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the pre-pandemic comparable, according to preliminary October 2022 data from STR.
- Occupancy: 83.8%
- Average daily rate (ADR): GBP199.95
Revenue per available room (RevPAR): GBP167.60
The market’s occupancy and RevPAR levels came in higher than the month prior, but occupancy remained 4.0% below the 2019 comparable.
When looking at daily data, the market continued to show high occupancy levels on Tuesdays and Wednesdays, pointing to business demand, with the highest daily occupancy for the month (93.0%) recorded on Wednesday, 12 October.
