Highway 36 corridor led region for hotel occupancy rates in May

by , BizWest
June 21, 2016

Lodgers along the U.S. Highway 36 corridor recorded an 81.1 percent occupancy rate during May, producing the best performance among cities and areas in Northern Colorado and the Boulder Valley tracked by the Colorado Hotel and Lodging Association.

The association’s monthly Rocky Mountain Lodging Report, released Tuesday, revealed occupancy rates in May of 74.2 percent in Loveland, 72.5 percent in Boulder, 69.8 percent in Greeley, 66.3 percent in Fort Collins and 50.2 percent in Estes Park. The report does not include figures for Longmont.

Rooms rented for an average of $179.82 in Boulder, $158.12 in Estes Park, $134.11 along the U.S. Highway 36 corridor, $132.45 in Loveland, $126.75 in Fort Collins and $103.93 in Greeley.

Of the state’s 1.6 million room nights, 68.3 percent were occupied in May on average, at an average daily rate of $136.61.

For the first five months of the year, occupancy rates statewide dipped slightly from 65.7 percent in 2015 to 64.7 percent this year. Average daily room rates statewide increased to $151.23 for the first five months compared with $146.77 for the same period last year.

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