February was a mixed bag for Anchorage lodging performance, with modest revenue growth powered mainly by rate rather than demand.
Revenue per available room was up 1 percent for February 2018 compared to in the same month last year. Average daily rate was up slightly compared to 2017, but occupancy was only 54 percent in February, lower than the year before. A winter month like February is typically responsible of 5 percent of annual hotel revenue, far less than the summer months.
Year-to-date hotel demand for Anchorage is flat, and down 6 percent from the historic high of 2014. Year over year performance was slightly off for the week of Fur Rondy and Iditarod, but the complete picture will have to wait until March numbers are available.
Jump to March 2018.
Not sure what this means? Read our guide to hotel terms.