Seasonality appears to be taking over the state’s hotels as occupancy rates fell further in November from their summer highs.
The Colorado Hotel and Inn Association released its November report today; It shows a statewide occupancy rate of 51.4%, down from 63.1% in October.
Craig, located in the heart of Colorado’s hunting grounds, recorded the highest occupancy among the communities tracked in the report. In that community in northwest Colorado, 72.8% of hotel rooms were booked during the month.
In the Boulder Valley and Northern Colorado, Greeley topped the occupancy charts with a full 69.1% during the month with an average daily price of $91.05. Greeley’s occupancy has been behind its occupancy rate to date at 69.4%, which like most communities in the state was well above the year-to-date occupancy rate of 51.2% recorded at the same time in 2020.
Other communities to report that BizWest follows:
Loveland had an occupancy rate of 56.8% and an average daily rate of $107.43.
Hotel rooms in Boulder occupied 52.2% in November with an average daily rate of $156.30. This rate was the highest in the region.
Longmont showed an occupancy rate of 51.8% and an average daily rate of $101.18.
Fort Collins was closely behind with an occupancy rate of 51.5% and an average rate of $117.50.
American Expressway hotel rooms ranked 36 by 45.7% in November, with an average of $108.81.
Estes Park, which now mostly passes during the shoulder tourism season, saw hotel occupancy drop to 38.2% at an average daily rate of $147.43.
Meanwhile, resort communities in the state, which are likely to see the impact of light snowfall early in the season, posted an occupancy rate of 36%.
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