Phoenix Hotels Project Second-Highest Revenue for a Super Bowl Weekend
Skift Take
- According to STR, Phoenix’s hotel RevPAR is forecasted to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend.
- On Friday lodging stocks were lower. SOND was the biggest mover, down -8% while ABNB was down -5% on the day.
- White Lodging announced the renaming of its new Autograph Collection hotel in San Antonio, Texas, formerly known as The Otis Hotel.
The DJIA rose 169 points on Friday while Nasdaq fell 71, the S&P 500 was up 9 points and the 10-year treasury yield continued its march to 4%, up another .06 to 3.74%. Lodging stocks were lower. SOND was the biggest mover, down -8% while ABNB was down -5% on the day.
According to STR, Phoenix’s hotel RevPAR is forecasted to reach $419 for February 10-12, which would be the second-highest level for a Super Bowl weekend. The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and ADR of $455. The ADR level would rank third among host markets behind Miami in 2020 and San Francisco in 2016. The overall Phoenix, Arizona market comprises 544 hotels accounting for 70,488 rooms.
White Lodging announced the renaming of its new Autograph Collection hotel in San Antonio, Texas, formerly known as The Otis Hotel. The 253-room Plaza
