Phoenix to Score Second-Highest RevPAR in Super Bowl History

Article originally posted on HERE on February 10, 2023
Phoenix, Arizona skyline
The overall Phoenix market has 544 hotels with 70,488 rooms. (iStock / Getty Images Plus / dszc)

STR expects Phoenix’s hotel revenue per available room to reach $419 for February 10-12, which the analytics company claims would be the second-highest level for a Super Bowl weekend.

The market, which also is hosting the Phoenix Open this week, is projected to see occupancy of 94 percent and average daily rate of $445 Friday through Sunday night. Even with 11.7 percent more supply in the market, a unique volume of demand is forecasted to push occupancy slightly higher than Phoenix’s last host year in 2015 (93.7 percent). The ADR level would rank third among host markets behind Miami in 2020 and San Francisco in 2016.

“Phoenix’s 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,” said Isaac Collazo, STR’s VP of analytics. “Demand speaks for itself, especially with consumer behavior around the event free of pandemic concerns—unlike the last two Super Bowls. Phoenix’s ADR situation has different influences than recent host markets given inflation and having less upper-tier supply than a Los Angeles or Miami.”

The overall Phoenix market has 544 hotels with 70,488 rooms.

“The 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,” Collazo said.