Hotel occupancy in May continues to rise with best month yet – Greeley Tribune

With summer still to come, the weather and hotel occupancy are starting to heat up.

Lodging figures from the Colorado Hotel and Lodging Association show that 66.3% of hotel rooms nationwide were booked in the month of May, the highest percentage so far this year.

Boulder and the US Highway 36 corridor, at 65.9% and 66.2% occupancy rates, respectively, matched the national average with average daily prices of $229.66 at Boulder and $171.05 along US 36.

Other areas of the Northern Colorado region for the most part outperformed the national average.

Longmont hotels were 75.4% full with an average daily rate of $134.62.

Loveland accommodations were 72.9% occupied in May, with an average daily price of $134.73.

Close behind was Greeley with an utilization rate of 72.8% and a price of $99.52.

Fort Collins hotels had an occupancy rate of 64.4% and an average daily rate of $155.04.

Hotels in Estes Park, just before peak season, had a 54.7% occupancy rate, with an average price of $170.28.

Perhaps heralding the summer tourist season, Denver International Airport’s lodging rate was the highest in the state at 81.7% — an indicator of renewed travel. A year ago today, only 61% of the hotel rooms in this area were booked.

While Colorado’s resort communities are seeing seasonal declines — 32.1% occupancy in major ski resorts — occupancy in the destination community of Durango was 78.7% in May.

This article was first published by BizWest, an independent news organization, and is published under a license agreement. © 2022 BizWest Media LLC.

https://www.greeleytribune.com/2022/06/18/may-hotel-occupancy-continues-rise-with-best-month-so-far/ Hotel occupancy in May continues to rise with best month yet – Greeley Tribune

James Brien

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