Hotel prices, occupancy seasonally low but up from 2021 – Greeley Tribune

Hotels in the Boulder Valley and northern Colorado were well below their summer highs for average daily rate and occupancy in January, but the hospitality industry is doing much better than at the start of 2021.

According to the Colorado Hotel and Lodging Association, which released its January 2022 data on Friday, hotels across the state recorded occupancy rates and prices of 43.3% and $97.35 respectively. That’s up from 40.3% and $83.21 in January of last year.

Hotels in Estes Park were the most expensive in the area, averaging $156.82 per night. The occupancy rate is 24.1%. This compares to 28.6% and $151.87 during the same month last year.

Greeley posted numbers of 58.9% and $85.18, topping January 2021 rates of 45.5% and $75.28.

In Boulder, the occupancy rate and average daily rate in January 2022 were 56.6% and $133.70 respectively, up significantly from 31.8% and $92.80 in January 2021.

The US Highway 36 corridor recorded rates of $116.55 and $65.27, compared to 24.6% $75.16 during the same period last year.

In Fort Collins, hotel numbers were 39.9% and $101.35, both up from 30.3% and $87.5.

Longmont Hotels improved significantly year over year, posting figures of 52.1% and $100.76, compared to 27.2% and $71.20.

Loveland hotels were 48.3% full in January 2022 and averaged $104.20. This represents an increase from 35.4% and $84.07 in the same month of 2021.

This article was first published by BizWest, an independent news agency, and is published under a license agreement. © 2022 BizWestMedia LLC.

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