Overall, the 1.479 million available room nights in the state had a 54.4% occupancy rate, slightly below the 54.6% in October 2002. The average room rate did slightly improve, however to $86.68 from $86.13. Year-to-date, the occupancy rate through October is 58.3%, compared with 60.1% in the first 10 months of 2002.

But the year-to-date average room rate is slightly ahead of last year's pace at $95.22, compared with $95.05 in 2002.

Hotels in the "other resorts" category can boast the highest room rates in October at $149.25. Other resorts would include Telluride, Steamboat Springs, Crested Butte, Keystone and Copper Mountain. While rates were high, this category had the worst occupancy rate in the state at only 25.8%.

The second-highest room rates were found in Aspen at $121.37. Aspen also had the highest occupancy rate for ski resorts at 37.4%. Glenwood Springs, which is off I-70 and is on the way to Aspen for most tourists and visitors, had the highest occupancy rate in the state at71.9%. And the average room rate in Glenwood Springs is far less than at Aspen at $87.98.

Vail was considerably cheaper than Aspen at an average room rate of $99.64. It's occupancy rate was lower than Aspen's at $37.4%. Getting away from the ski resorts, Class A hotels in Colorado Springs had an occupancy rate of 66.6% and an average room rate of $78.46. The Class B and lower hotels had an overall occupancy rate of 47.8% and an average room rate of $52.60.

Instant Insights /

GlobeSt.com UPDATE: State Hotels Lag Denver-area Hotels

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