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Overall Hotel Occupancies Rise

DENVER-During 2005, metro-area hotel occupancies rise to 64.1%. This represents the hotel industry's best performance since 2000.

By John Rebchook | Updated on January 30, 2006

DENVER-The overall occupancy rate for metro-area hotels in 2005 rose to 64.1%, the highest since 2000, according to the latest Rocky Mountain Lodging Report. The report, authored by Bob Benton of Robert S. Benton & Associates Inc., shows that the overall occupancy was 61.9% in 2004.

The report shows only two months in 2005 failed to better the same month in 2004. In December, the overall occupancy rate dropped slightly to 46.5% from 47% in 2005. And in March, the occupancy rate fell to 58.8% from 60% in March 2004.

The overall average room rate, in non-inflation adjusted dollars, set a record of $91.10 in 2005, compared with $84.42 in 2004. “Rates will probably rise again in 2006, but they won’t increase by 7.9% like they did in 2005 form 2004,” Benton tells GlobeSt.com.

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