Search
 

Hotel Occupancy Rate Bumps Up in April

DENVER-The first month-over-month increase in 13 months surprises Robert Benton of Denver-based Robert Benton & Associates. "I knew that Downtown would be strong because of all the conventions," says the co-author of the report. "But I was surprised by the strength of what happened along the I-25 corridor.

By John Rebchook | Updated on May 21, 2002

DENVER-The average hotel occupancy rate in April in the Denver area rose to 63.1% in April from 61.7% in April 2001, the first month-over-month increase in 13 months, shows the Rocky Mountain Lodging Report. Co-author of the report, Robert Benton of Denver-based Robert Benton & Associates, admits he is surprised by the increase.

”I thought it would still be down,” Benton tells GlobeSt.com. ”I knew that Downtown would be strong because of all the conventions. But I was surprised by the strength of what happened along the I-25 corridor. They had all been crying the blues.”

The average downtown occupancy rate in April was a whopping 77.8%, compared with 66.6% in April 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.