The average daily room rate rose by 5.9% to $130.84, compared with $123.53 in February 2005. In the first two months of the year, the average room rate stood at $125.75, a 6.8% increase from $117.69 in February 2005.
Revenue per available room, or RevPar, for Colorado hotels rose 10.35% to $80.05 from $72.53 a year earlier, while year-to-date RevPar stands at $73.32, a 125% jump from $65.46 average in the first two months of 2005.
The highest average room rates, statewide, were found in Aspen during February. The average daily rate in Aspen was $426.87 and the average occupancy rate was 81.4%. RevPar in Aspen stood at $347.48, also the highest in the state.
No. 2 in the state was Vail. The average room rate in Vail in February stood at $371.67, while RevPar was $307.70. The average occupancy rate in Vail was 82.8%, slightly higher than in Aspen.
Colorado Springs, the second largest city in Colorado, showed an overall average room rate of $73.76, an occupancy rate of 55.9% and RevPar of $41.25. The class A hotels in Colorado Springs had an overall occupancy rate of 64.3%, compared with 45.1% for class B and C hotels. The average room rate for the best hotels in Colorado Springs was $83.01 and had RevPar of $53.37, compared with an average room rate of $56.76 and RevPar of $25.61 for the class B and C hotels.
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