Hotel rates up, occupancy down in Glenwood
Glenwood Springs, Colorado
GLENWOOD SPRINGS ” Glenwood Springs hotels logged a steady first half of 2008 despite a dip in occupancy for three of the first six months of the year.
The Rocky Mountain Lodging Report, which tracks aggregated data statewide, including room occupancy rates and average daily rates ” per room, per night ” showed a 2.2 percent drop in occpancy rates through June, though the average daily rate increased by $8.10 during the first half of the year.
“Occupancy in aggregated data since the first of the year is down very little, however the (average daily rate) is up, and that is huge,” said Kate Collins, the director of tourism and marketing for the Glenwood Springs Chamber Resort Association.
The occupancy rate for Glenwood Springs was 69.78 percent for 2007; it was at 65.95 percent for the first half of 2008. January saw the highest percentage increase so far this year, up 4.4 percent from 54.3 in January 2007. However, March, May and June showed decreases in occupancy rates of 3.8, 14.2, and 5.3 percent, respectively. With the year’s busiest months typically being July and August, the year could still close on an upswing.
Despite the slightly lower occupancy levels, the average daily rate was up $8.10 this year through June, compared to the same time period in 2007. Through June, the average for Glenwood hotels was $107.03 per day, compared to $104.20 for all of 2007.
March, which saw a decrease in occupancy rates of 3.8 percent, posted the second highest average daily rate for the year at $113.95, up $14.13 from the same month in 2007.
June saw the highest average rates so far at $120.90, but that was the lowest increase in the rate, based on a comparison with June 2007. It was up only $1.97.
Last year, the average rate climbed as high as $124.28 ” in July.
The drawback to the report’s data, according to Collins, is it doesn’t present a complete picture. Glenwood Springs has nearly 1,500 hotel rooms, but information for only about 800 of them is reflected in the Rocky Mountain Lodging Report. It’s only a sample of the overall market, she noted.
Support Local Journalism
Support Local Journalism
Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
A major wreck Monday night near Dotsero involving five vehicles, including two semi-trailer trucks, was caused by a car heading in the wrong direction on Interstate 70, a Colorado State Patrol spokesman said.