Asia -  Melbourne, Australia

Victoria’s coastal capital, Melbourne, exhibited a steady growth of 2% in RevPAR in AUD terms. However, growth in AUD, which many regard as a proxy for the health of the Chinese economy, given Australia’s dependence on Chinese manufacturing, remained weak. The moderate growth was overshadowed by AUD|USD dynamics, which transcribed to an approximate 15% de-growth in valuation. In light of weak global cues, transaction activity remained subdued in KL and Melbourne.

Change In Value For Market:

Legend
Significant Value Increase: Greater than +10%
Moderate Value Increase: Between +3% and +10%
Stable Values: Between -3% and +3%
Moderate Value Decline: Between -3% and -10%
Significant Value Decline: Less than -10%

Melbourne RevPAR Change

Melbourne RevPAR

Year RevPAR
2013 141.62
2014 136.23
2015 116.41
2016 123.75
2017 (f) 126.99
2018 (f) 130.94

For more information, please contact:

Hok Yean CHEE
hychee@hvs.com
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
mlho@hvs.com
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)