Revenue for Anchorage hotels remained strong, with ADR mitigating softer demand year over year. Occupancy dipped 7% year over year for October as demand decreased and supply increased. Meetings performance was particularly strong in 2018, leading to an unfavorable year over year comparison. Rate remained stable, with revenue for the month still totaling more than $17 million. Despite the hiccup, 2019 remains on track for annual growth. The fall months traditionally make up a smaller portion of overall yearly performance.
Not familiar with these terms? There's a guide to hotel performance.
View the prior report for September 2019