Hospitality & Tourism  October 16, 2015

Loveland lodging occupancy rates pace region in September

Lodgers in Loveland recorded an 84.8 occupancy rate during September, producing the best performance among cities and areas in Northern Colorado and the Boulder Valley tracked by the Colorado Hotel and Lodging Association.

The association’s monthly Rocky Mountain Lodging Report released Friday revealed the occupancy rate for hotels along the U.S. Highway 36 corridor for September was 81 percent, followed by Estes Park, 82.2 percent; Boulder, 79.7 percent; Fort Collins, 72 percent; and Greeley, 72 percent. Occupancy was down throughout the region by a couple of percentage points, as were average rental rates.

Of the state’s 1.6 million rooms, 79.2 percent were rented each night on average, at an average daily rate of $142, down from $147 in August, according to the report. Year to date, lodgers statewide have experienced a 72.2 percent occupancy rate.

SPONSORED CONTENT

Solar Operations and Maintenance for Commercial Properties

One key qualification to consider when selecting a solar partner to install your system is whether they have an Operations and Maintenance (O&M) or service department. Since solar is a long-term asset with an expected lifecycle of 30 plus years, ongoing O&M should be considered up front. A trusted O&M partner will maximize your system’s energy output and therefor the return on your investment.

Loveland has 867 rooms, which rented for an average of $129, down from $134 in August.

Number of rooms and average daily rates during September for the following cities were:

U.S. Highway 36 corridor (Interstate 25 to Boulder), 2,458 rooms, $123, down from $130 in August.

Boulder: 1,708, $163, down from $184 in August;

Estes Park: 1,100, $182, down from $198 in August;

Fort Collins: 1,511, $115, down from $126 in August;

Greeley: 573, $109, down from $117 in August.

Lodgers in Loveland recorded an 84.8 occupancy rate during September, producing the best performance among cities and areas in Northern Colorado and the Boulder Valley tracked by the Colorado Hotel and Lodging Association.

The association’s monthly Rocky Mountain Lodging Report released Friday revealed the occupancy rate for hotels along the U.S. Highway 36 corridor for September was 81 percent, followed by Estes Park, 82.2 percent; Boulder, 79.7 percent; Fort Collins, 72 percent; and Greeley, 72 percent. Occupancy was down throughout the region by a couple of percentage points, as were average rental rates.

Of the state’s 1.6 million rooms, 79.2 percent were…

Sign up for BizWest Daily Alerts