Year-to-date, the average occupancy rate rose to 56.5% from 54.2% in the first five months of 2004. And the year-to-date average room rate rose to $108.03, compared with $99.56 through May of 2004.
The highest rates were found in the "other resorts," which would include Telluride, Keystone and Copper Mountain. Those resorts boated an average room rate in May of $174.08, even besting Aspen in May, which was No. 2 at $135.04. The average occupancy rate in other resorts was 26.4%, as compared with 22.7% in Aspen. Vail had an overall average room rate of $104.27, and an occupancy rate of 25.6%.
The best hotels in Colorado Springs, the second largest city in the state, showed an average room rate of 93.26 and an average occupancy rate of 65.7%. Drop down to the second tier hotels in Colorado Springs, and the average room rate falls to $61.76 and the average occupancy rate to 55.9%.
Durango, in southwest Colorado, saw an average room rate of 60.8% and the average room rate stood at $79.58. Overall, there are 1.5 million available rooms in Colorado and 857,547 of them were occupied in May.
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