Melbourne set to top podium for hotel occupancy

Australasia News
Melbourne set to top podium for hotel occupancy

The Australian Formula 1 Grand Prix, 7-10 April, is lifting Melbourne’s hotel occupancy to its highest level since November 2019, according to STR‘s booking prediction and comparison tool, Forward STAR.

STR predicts that during the race the average occupancy in the market will be 89% with a peak of 94% on the Saturday night. Should that Saturday level actualise, it would be the market’s highest daily occupancy since 30 November 2019 as well as the highest occupancy for any major Australian state capital since New Year’s Eve 2019.

Matthew Burke, STR’s regional director for the Pacific, Japan and Central South Asia, said:  “Ever since the calendar dates were announced, Melbourne’s bookings have been progressively building for the race weekend. At the beginning of 2022, occupancy on the books was trending at an average of 35%, so it is clear that growing confidence around the event and ‘F1 fever’ has captivated the traveling public.”

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