The average daily room rate rose to $95.86 in March, 10.57% higher than the $85.29 in March 2005. That is the largest month-over-month increase so far this year. In the first quarter, the average daily room rate rose 8.96% to $94.29, compared with $86.53 during the same period in 2005. Meanwhile, the revenue per available room, or RevPar, rose a whopping 24.5% to $62.39 in March, compared with $50.13 in March 2005. RevPar for the first quarter rose $15.8% to $57.38, compared with $49.54 in the first quarter of 2005.

Downtown hotels led the trend in regard to charge, with an average daily room rate of $130.65 in March. The 194,860 available room nights in Downtown also had the highest RevPar of any submarket at $93.04.

The total south and southeastern suburban markets, with a total of 269,114 available room nights, showed a total occupancy rate of 60.3%, with an average room rate of $90.13. RevPar for that submarket stands at $54.39. The highest occupancy rates were in the Stapleton submarket, at 79.6%. Average room rates in that market, with 67,549 available rooms, was $65.46 and the RevPar posted $52.09. The 65,792 available room nights near Denver International Airport were not far behind, with an occupancy rate of 79.5%. The average room rate at the DIA hotels posted at $92.53 and the RevPar was $73.56.