March saw a continuation of year-over-year growth for Anchorage hotels in ADR, demand, and revpar. March occupancy was 72%, higher than historically seen for the monthly average in March. Typically Anchorage hotels don't pass 70% occupancy until May. According to STR, March hotel demand was up 17% compared to the same month in 2021. ADR grew to $140. Hotels nationwide have seen rate as the primary driver of increased revenue for months. Revenue for the month for Anchorage was $25.4 million. While the whole month was strong, daily data shows that the Friday and Saturday of Iditarod and Fur Rendezvous were particularly good, and the middle of the month was buoyed by the return of the ASAA state high school basketball tournament.
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