{"id":31023,"date":"2023-02-12T07:31:48","date_gmt":"2023-02-12T07:31:48","guid":{"rendered":"https:\/\/hoptraveler.com\/index.php\/2023\/02\/12\/phoenix-forecasted-for-second-highest-hotel-revpar-in-super-bowl-history\/"},"modified":"2023-02-12T07:31:49","modified_gmt":"2023-02-12T07:31:49","slug":"phoenix-forecasted-for-second-highest-resort-revpar-in-super-bowl-historical-past","status":"publish","type":"post","link":"https:\/\/hoptraveler.com\/index.php\/2023\/02\/12\/phoenix-forecasted-for-second-highest-resort-revpar-in-super-bowl-historical-past\/","title":{"rendered":"Phoenix forecasted for second-highest resort RevPAR in Super Bowl historical past"},"content":{"rendered":"

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The total Phoenix market contains 544 inns accounting for 70,488 rooms.<\/p>\n<\/div>\n

HENDERSONVILLE, TENNESSEE \u2013 Phoenix\u2019s resort income per accessible room (RevPAR) is forecasted to succeed in $419 for February 10-12, which might be the second-highest degree for a Super Bowl weekend, in response to STR<\/strong>.<\/p>\n

The market, additionally internet hosting the Phoenix Open this week, is projected for Friday by way of Sunday evening occupancy of 94% and common every day fee (ADR) of $445. Even with 11.7% extra provide available in the market, a singular quantity of demand is forecasted to push occupancy barely larger than Phoenix\u2019s final host 12 months in 2015 (93.7%). The ADR degree would rank third amongst host markets behind Miami in 2020 and San Francisco in 2016.<\/p>\n

\u201cPhoenix\u2019s jump in RevPAR during its last Super Bowl host year was staggering, and this time around will be no different with big-time growth contribution from both occupancy and ADR,\u201d<\/em> stated Isaac Collazo<\/strong>, STR\u2019s VP of Analytics. \u201cDemand speaks for itself, especially with consumer behavior around the event free of pandemic concerns \u2013 unlike the last two Super Bowls. Phoenix\u2019s ADR situation has different influences than recent host markets given inflation and having less upper-tier supply than a Los Angeles or Miami.\u201d<\/em><\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Market<\/strong><\/td>\nHost Year<\/strong><\/td>\nOccupancy<\/strong><\/td>\nADR<\/strong><\/td>\nRevPAR<\/strong><\/td>\n<\/tr>\n
Dallas<\/td>\n2011<\/td>\n76.7%<\/td>\n$208.92<\/td>\n$160.36<\/td>\n<\/tr>\n
Indianapolis<\/td>\n2012<\/td>\n93.8%<\/td>\n$303.74<\/td>\n$284.92<\/td>\n<\/tr>\n
New Orleans<\/td>\n2013<\/td>\n95.8%<\/td>\n$387.07<\/td>\n$370.89<\/td>\n<\/tr>\n
New York<\/td>\n2014<\/td>\n72.9%<\/td>\n$338.76<\/td>\n$246.83<\/td>\n<\/tr>\n
Phoenix<\/td>\n2015<\/td>\n93.7%<\/td>\n$335.00<\/td>\n$313.85<\/td>\n<\/tr>\n
San Francisco\/ San Jose<\/td>\n2016<\/td>\n81.8%<\/td>\n$451.87<\/td>\n$369.50<\/td>\n<\/tr>\n
Houston<\/td>\n2017<\/td>\n82.0%<\/td>\n$266.05<\/td>\n$218.25<\/td>\n<\/tr>\n
Minneapolis\/St. Paul<\/td>\n2018<\/td>\n91.2%<\/td>\n$355.40<\/td>\n$324.38<\/td>\n<\/tr>\n
Atlanta<\/td>\n2019<\/td>\n75.7%<\/td>\n$313.31<\/td>\n$237.12<\/td>\n<\/tr>\n
Miami\/Hialeah<\/td>\n2020<\/td>\n92.7%<\/td>\n$559.22<\/td>\n$518.66<\/td>\n<\/tr>\n
Tampa<\/td>\n2021<\/td>\n82.8%<\/td>\n$248.55<\/td>\n$206.10<\/td>\n<\/tr>\n
Los Angeles<\/td>\n2022<\/td>\n80.5%<\/td>\n$392.18<\/td>\n$309.64<\/td>\n<\/tr>\n
Phoenix*<\/strong><\/td>\n2023<\/strong><\/td>\n94%<\/strong><\/td>\n$445<\/strong><\/td>\n$419<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: STR\/*forecasted figures<\/em><\/p>\n

The total Phoenix market contains 544 inns accounting for 70,488 rooms.<\/p>\n

\u201cThe Super Bowl rarely disappoints for the host hotel industry, but the impact is greater in markets like Phoenix because of an overlap with peak season in the destination as well as a more modest ADR baseline than other major metros,\u201d<\/em> stated Collazo.<\/p>\n

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