HENDERSONVILLE, Tennessee– Phoenix’s hotel income per offered space( RevPAR) is anticipated to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR
The market, likewise hosting the Phoenix Open today, is forecasted for Friday through Sunday night tenancy of 94 percent and a typical day-to-day rate (ADR) of $445 Even with 11.7 percent more supply in the market, a volume of need is anticipated to press tenancy a little greater than Phoenix’s last host year in 2015 (937 percent). The ADR level would rank 3rd amongst host markets behind Miami in 2020 and San Francisco in 2016.
” Phoenix’s dive in RevPAR throughout its last Super Bowl host year was incredible, and this time around will be no various with big-time development contribution from both tenancy and ADR,” stated Isaac Collazo, STR’s vice president of analytics. “Demand promotes itself, specifically with customer habits around the occasion without pandemic issues– unlike the last 2 Super Bowls. Phoenix’s ADR scenario has various impacts than current host markets offered inflation and having less upper-tier supply than a Los Angeles or Miami.”
The general Phoenix market consists of 544 hotels representing 70,488 spaces.
” The Super Bowl seldom dissatisfies for the host hotel market, however the effect is higher in markets like Phoenix since of an overlap with peak season in the location in addition to a more modest ADR standard than other significant cities,” stated Collazo.
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