Economy & Economic Development  July 19, 2016

Loveland led region’s lodging occupancy rates for June

Lodging facilities in Loveland recorded a 90.4 percent occupancy rate during June, producing the best rate among cities and areas in the Boulder Valley and Northern Colorado and tracked by the Colorado Hotel and Lodging Association.

The association’s monthly Rocky Mountain Lodging Report, released Tuesday, revealed occupancy rates of 89 percent along the U.S. Highway 36 corridor, 84.9 percent in Fort Collins, 83 percent in Boulder, 81.7 percent in Estes Park and 77.7 percent in Greeley.

Average daily room rates in June were $143.42 in Loveland, up from $132.45 in May.

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Room rates in June compared with May in other cities were $196.07 in Estes Park, compared with $158.12; $190.36 in Boulder, compared with $179.82; $142.13 along the U.S. 36 corridor, compared with $134.11; $132.40 in Fort Collins, compared with $126.75 May; and $109.85 in Greeley, compared with $103.93.

Statewide, the occupancy rate was 82.1 percent during June, up slightly from 80.1 percent for the same month a year ago. The average daily room rate in the state was $154.80 cents, up from $143.24 for June a year ago.

For the first six months of the year, occupancy rates statewide dipped slightly from 68.2 percent in 2015 to 67.5 percent this year. Average daily room rates statewide increased to $152.01 for the first six months compared with $146.06 for the same period last year.

Lodging facilities in Loveland recorded a 90.4 percent occupancy rate during June, producing the best rate among cities and areas in the Boulder Valley and Northern Colorado and tracked by the Colorado Hotel and Lodging Association.

The association’s monthly Rocky Mountain Lodging Report, released Tuesday, revealed occupancy rates of 89 percent along the U.S. Highway 36 corridor, 84.9 percent in Fort Collins, 83 percent in Boulder, 81.7 percent in Estes Park and 77.7 percent in Greeley.

Average daily room rates in June were $143.42 in Loveland, up from $132.45 in May.

Room rates in June compared with May in other cities were $196.07…

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