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Hotel Occupancy Rates Continue to Fall

DENVER-Statewide occupancy falls to 49.2% in January, compared to 53.8% in January 2001, while room rates drop 6% to $98.42. There are signs of improvement, Rocky Mountain Lodging Report co-author Robert S. Benton tells GlobeSt.com.

By John Rebchook | Updated on March 05, 2002

DENVER-Hotel occupancies in the entire state of Colorado fell to 49.2% in January from 53.8% in January of 2001, according to the Rocky Mountain Lodging Report. And in the Denver area, the occupancy rate fell to 50.6% from 58.1%, shows the report.

The average room rate for the entire state fell to $98.42 from $104.65 and in the Denver area it fell to $79.47 from $84.50.

Still, the worst appears to be over, Robert S. Benton, the co-author of the report tells GlobeSt.com.

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