Hotel demand increased 3% year over year for July 2022, likely another record for Anchorage demand for the month of July. The strong uptick in rooms consumed in the month hints at lengthening stays; airport numbers suggest that while visitation is high this summer, it hasn't seen the same volume as pre-COVID levels.

Occupancy for the month averaged 90% - a rare occurrence hinting at strong visitation. Anchorage has seen a handful of other months historically with occupancy at 90% for a month. Reaching that mark now is impressive given the growth in supply - the number of available hotel rooms - through the years.

ADR grew again, rising to $260 for the month. The rate of growth of ADR slowed month to month, as it appears to have nationally during the same period. Hotel rates are still at or near historic highs.

Not sure what these terms mean? Check the guide to hotel performance.