LODGING UPDATE Destination total occupancy over the next two weeks is pacing 7% behind 2023 at 45%. Blues and Brews weekend is currently tracking 3% lower than last year’s festival, with total occupancy at 69%. Average daily rate is flat at $623. Occupancy peaks on Friday and Saturday at 74%, and then drops to 66% on Sunday evening.
The winter season continues to look solid, although with less growth in recent weeks. Total occupancy is currently pacing 14% ahead YOY, paid occupancy is 8% higher, and ADR 3% lower, resulting in a 4% increase in RevPAR. All months are pacing ahead of last year, with the most growth in March. December has lost traction over the past few weeks, now pacing only 6% ahead of 2023. Stay tuned for weekly Peak Sheet updates, as these metrics can shift quickly as the winter season approaches.
AIR UPDATEConsistent week-to-week bookings now have air traffic in September even to just ahead, and October now flat. Overall summer pace is up 10-12% with solid capacity and traffic gains in the shoulders. Increased local traffic on added Denver capacity likely puts tourism numbers just below the above. The Denver Air Shoulder Sale is now with fares from $129 to DEN and PHX at www.denverairconnection.com. Merchant Pass information will be available in the coming days.
With Telluride’s air and lodging trends continually evolving, now is the time to stay informed and seize opportunities as they arise. Whether you’re looking to book a fall trip or explore real estate options, the changing landscape offers exciting possibilities. For those interested in Telluride Real Estate, let Mountain Rose Realty and Anne-Britt Ostlund guide you through the process of finding your dream home in this breathtaking mountain town.
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