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Hotel Occupancies Plummet in September

DENVER-Hotel occupancies fall to the 50% to 55% range, according to Horwath Horizon Hospitality Advisors/Montgomery & Associates, the lowest since 1989. Normal September occupancy has been more than 70%.

By John Rebchook | Updated on October 11, 2001

DENVER-John Montgomery, president of Denver-based Horwath Horizon Hospitality Advisors/Montgomery & Associates, says hotel occupancies for September fell to the 50% to 55% range. Since 1992, September occupancies have been firmly entrenched in the 70%-plus range.

The last time occupancy rate were in the 50s was in 1989, when it stood at 56.5%.

”Some of the drop can be attributed to a slowing economy prior to Sept. 11, but I would say 90% of it is due to the terrorist attacks,” Montgomery tells GlobeSt.com. He plans to release a more precise and detailed report later this year.

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