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Accommodations in Northern Colorado Report Increases in Occupancy and Room Rates – Loveland Reporter-Herald = Colorado

According to the latest Rocky Mountain Lodging Report, released this week by the Colorado Hotel and Lodging Association, October overnight stays in Boulder Valley generally showed an increase in occupancy rates — and a notable rise in room rental rates — from last year.

Typical properties in Boulder had an occupancy rate of 72.2% and an average room rate of $231.25 per day. Year to date 69.2% of rooms in Boulder were occupied at an average nightly rate of $204.87 compared to 57.6% and $173.55 in the first 10 months of 2021.

The same thing happened along the US 36 corridor between Boulder and Denver, where lodging options posted 73.8% occupancy in October for an average of $163.18. Year to date they were 70.4% occupied at an average price of $154.65 compared to 59.1% and $127.55 in the same period last year.

Greeley had one of the highest occupancy rates and lowest room rates in the state in October. The lodging options at Weld County Headquarters were 80.3% occupied with an average nightly rate of just $99.44. Year to date there was 75.7% rooms at an average rent of $100.79, up from 69.4% and $95.98 in the same period in 2021.

Longmont rooms were 71.2% occupied in October for an average nightly rate of $129.33. In the first 10 months of 2022, they had an average occupancy of 68.9% at $128.56 per night, compared to 51.9% and $114.15 in the first 10 months of 2021.

Fort Collins recorded an average occupancy rate of 68.5% and a room rent of $153.10 in October. For 2022 to date, the Larimer County office has seen an average occupancy rate of 64% and a nightly rate of $141.07, compared to 58.9% and $130.42 from January through October 2021.

Loveland rates also posted gains. Rooms there had an occupancy rate of 71.6% in October, at an average price of $127.74 per night. Year to date, Loveland has had an occupancy rate of 68.6% and an average nightly rate of $130.19 versus 62.2% and $122.06 for the same period in 2021.

Estes Park had an occupancy rate of 65.6% in October with an average nightly rate of $188.25. In the first 10 months of 2022, accommodations in the mountain town had a 59.2% occupancy rate, compared to 59% for January-October 2021. However, Estes Park saw the region’s only — albeit slight — drop in average room rates for this period. Rooms for sale for an average of $208.23, down 8 cents from $208.31 in the first 10 months of 2021.

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

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