Asia -  Melbourne

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 114.63
2017 118.12
2018 (f) 120.09
2019 (f) 123.58
2020 (f) 122.98

For more information, please contact:

Hok Yean CHEE
[email protected]
  • +65 6730-6308 (w)
  • +65 9686-6218 (m)
Ho Mei Leng
[email protected]
  • +65 6730-6300 (w)
  • +65 9620-2511 (m)
Jeremy Teo
[email protected]
  • +65 6730-6307 (w)
  • +65 9190-1991 (m)