2014 Pulitzer Prize Winner

Hotel occupancy falls for second consecutive month

Published: May 16, 2014, 6:02 pm, by Wayne Heilman

The vacancy sign was out at plenty of Colorado Springs hotels in April.

The occupancy rate for local hotels in April fell to 55.1 percent from 55.6 percent in April 2013, the second consecutive year-to-year drop and the fourth decline in the past five months, according to the Rocky Mountain Lodging Report. The average room rate also fell in April, declining 4.5 percent from April 2013 to $85.07, the biggest year-to-year drop since December 2009. The occupancy rate in local hotels in the first four months of the year is unchanged from the same period a year ago at 50.7 percent, while the average room rate is down 0.9 percent to $84.09.

The Broadmoor and Cheyenne Mountain Resort are not included in the totals for the Springs area, but a part of a separate category, “other resorts,” with many of the state’s ski resorts. The occupancy rate for that category in April was 37.9 percent and is up for the first four months of the year to 55.3 percent from 52.5 percent during the same period last year.

Statewide, hotel occupancy in April was was up to 63.4 percent from 58.2 percent a year earlier and is up for the first four months of the year to 64.5 percent from 58.6 percent during the same period in 2013. The average room rate for the state in April rose 5.7 percent from a year earlier to $121.55 and the average for the first four months of the year increased 4.1 percent from the same period a year ago to $140.04.