October 2023 Hotel Performance

Hotel revenue for October came in just lower than flat, down 1%, compared to October of last year. Modest growth in ADR - now at $158.43 for the month - made up for a sag in demand year over year. But…

Read More

September 2023 Hotel Performance

Demand began its seasonal cool, but stayed strong enough to ensure a fantastic return. ADR in September was up year over year reaching $211.36, while demand decrease slightly compared to 2022. Through…

Read More

August 2023 Hotel Performance

August sustained peak summer performance, with ADR at $272.47, a few cents above the record set last month. Demand grew slightly compared to July, but didn't reach the peak of August 2022, off by…

Read More

July 2023 Hotel Performance

Anchorage hotel demand approached its seasonal peak, growing compared to last month but just missing the all time high marks. While demand didn't eclipse records set last year, ADR did, reaching an…

Read More

June 2023 Hotel Performance

Year over year change in demand for June slipped after May's gains (-6%). Hotel occupancy for the month averaged 85%, a few points shy of a year ago. Average daily rate rose to $267, marking another…

Read More

May 2023 Hotel Performance

May saw the first improvement in monthly demand year over year since October 2022. Demand was up 5% compared to last year, pushing monthly occupancy in area hotels to 80%. Rate increased to $225 for…

Read More

April 2023 Hotel Performance

Anchorage hotel demand returned to average for April after sliding in each of the months in Q1. The first quarter of 2023 was slower than the year prior, which may have more to do with the strong…

Read More

February 2023 Hotel Performance

February 2023 hotel performance didn't quite measure up to the record set in 2022, but was an improvement over December 2022 and January 2023. Demand was off 3% compared to the prior year, with…

Read More

October 2022 Hotel Performance

Hotel demand was up 9% year over year for October, putting it above historical averages for the month. Occupancy for the month averaged 67%, staying higher than the same time last year and hinting at…

Read More