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 month of growth, though at a slower pace. The change in demand is troubling, but Anchorage has, so far, outpaced performance for the U.S. across most hotel metrics in 2023. Taking a historical perspective, June 2023 was the fourth or fifth best June for Anchorage hotel demand in the last decade.
Anchorage hotel revenues - and by extension bed tax collections for the first half of the year - have continued to grow. Hotel gross revenue for the month of June was up again slightly, mainly on the strength of rate.
Not sure what these terms mean? Check the guide to hotel performance.