Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-Statewide hotel occupancy rates in July rose to an average of 75.4%, the highest so far this year, according to the latest Rocky Mountain Lodging Report. In July 2004, the average occupancy rate was 73.5%.

So far this year, every month has surpassed the same month in 2004, except in March, when occupancy rates were virtually flat. The average room rates have been even stronger. The average daily room rate in July is $106.33, compared with $96.96, marking an almost 10% jump.

Year-to-date, the overall occupancy rate is 61.2%, compared with 58.9% through July 2004. The average room rate was $106.48 in the first seven months of the year, 8.8% higher than the $97.82 during the same time period in 2004.

The report shows that the highest average room rates by far are found in Aspen, which came in at $308.86. The average occupancy rate in Aspen was 82.3%. Vail, by contrast, posted an average room rate of $160.67, and an average occupancy rate of 60.3%. Other resorts, including Keystone, Copper Mountain, Breckenridge, Telluride and Crested Butte, saw an average occupancy rate of 62.9% and an average room rate of $183.90.

Colorado Springs, the second largest city in the state after Denver, had an overall average room rate of $88.62 and an average occupancy rate of 82.8% in July. Overall, 1.176 million of the 1.559 million available room nights in Colorado were occupied in July.

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.