Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-The average hotel occupancy rate in July in the Denver metro area hit 73.8%, compared with 70.8% a year earlier, according to the latest Rocky Mountain Lodging Report.

It marks only the second time this year that a month has bested the performance of a like month in 2002. The last time was in March, and that was only a fractional improvement, as the average occupancy rate was 56.6% compared with 56.4% in March 2002.

While the occupancy rate improved in July, the average room rate fell to $85.12, compared with $86.52 in July 2002.

Year-to-date the average room rate is 60.2%, compared with 60.6% in the first seven months of 2002. And the average room rate through July is $84.29, compared with $84.62 in the first seven months of 2002.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.