Hotels in Melbourne Report 6.9 Percent RevPAR Drop for October 2017

Melbourne reported negative performance across all three metrics in October 2017, according to preliminary STR data. Occupancy decreased 1.5% to 86.2%, ADR dropped 5.5% to 191.62 Australian dollars ($146.38) and RevPAR declined 6.9% to AU$165.09 ($126.10).