November events boosted Melbourne hotel performance, December looks promising

ARLINGTON, Va. – 10 December 2025 – A mix of events lifted Melbourne hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs for November, according to preliminary data from CoStar. Forward bookings for December are also trending well ahead of last year. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

November 2025 (year-over-year % change):

• Occupancy: 82.6% (+4.9%)
• ADR: AUD243.47 (+3.6%)
• RevPAR: AUD201.05 (+8.6%)

In addition to the ADR and RevPAR highs, the market posted its highest occupancy level for any month since late 2019.

Melbourne’s ADR (AUD347.80) and RevPAR (AUD311.23) reached monthly highs on Saturday, 1 November, which was the first night of the Melbourne Cup Carnival and the night following the first Oasis Live 25 Tour concert in the city. That was the only night Melbourne’s RevPAR surpassed the AUD300 mark in November. 

The only other occasion the market’s ADR exceeded AUD300 was on Saturday, 22 November (AUD 301.63), when the opening night of Giro della Donna 2025 coincided with the Boost Mobile AUSX Open Supercross.

Melbourne’s daily occupancy peaked (at 94.7%) on the first night of the AC/DC Power Up Tour–Wednesday, 12 November. The second-highest occupancy level (92.2%) was posted the night before. 

“December is also looking promising, with forward occupancy on the books for December at 62% in comparison to the same time last year of 53%,” said Matthew Burke, regional director at STR. “The pending Boxing Day Ashes Test from the 26 December is the standout with occupancy averaging 74% between 24 and 29 December.”

For more information about the company and its products and services, please visit www.costargroup.com. 

Additional Performance Data
CoStar’s world-leading hotel performance sample comprises more than 90,000 properties and 11.8 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests.

News Media Contact
Karolina Capova
Senior Media Relations Specialist
kcapova@str.com

About CoStar Group 
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted over 143 million average monthly unique visitors in the third quarter of 2025, serving clients around the world. Headquartered in Arlington, Virginia, CoStar Group is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, we plan to utilize our corporate website as a channel of distribution for material company information. For more information, visit CoStarGroup.com. 

This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that occupancy rates and average daily rates are not as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022 and Forms 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.