May saw strong returns for Anchorage hotels as the summer begins, with a continuation of year-over-year growth in ADR, demand, and revpar. Demand was up 3% for May compared to the same period in 2021, and slightly above May 2019 demand as well. Anchorage hotel occupancy was just shy of all time records for May, in part because new hotels opened, adding to the total supply of rooms. According to STR, average daily rate for the month was $181, 22% more than a year ago. While rising costs and inflation have a lot of attention, it's important to note that demand drove at least part of that ADR increase. The improvement in ADR is well above what it would be if inflation was the only cause.
Not sure what these terms mean? Check the guide to hotel performance.
