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One state capital just had a record month for hotel rooms sold

Sarah Petty

Melbourne experienced its busiest month on record for the number of hotel rooms sold in March, a take-up rate that analysts say dispels lingering concerns that the market is oversaturated after a big lift in supply over the last five years.

The Formula 1 Grand Prix, Melbourne International Comedy Festival and a swathe of international stars performing concerts in March trumped the impact of even Taylor Swift’s Melbourne visit in February 2024 for the city’s hotel market.

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Sarah Petty covers commercial and residential property markets for The Australian Financial Review, based in the Melbourne newsroom. Email Sarah at sarah.petty@afr.com

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    Original URL: https://www.afr.com/property/commercial/melbourne-records-busiest-month-on-record-for-hotel-rooms-sold-20250527-p5m2gx