Telluride Lodging and Air: September 5

Anne-Britt Ostlund, Colorado agent, homes for sale telluride, homes for sale telluride co, Mountain Rose Realty, Telluride agent, Telluride Colorado homes, telluride homes for sale, Telluride Real Estate

LODGING UPDATE

The month of August closed slightly ahead of 2023, with total occupancy up by 1%, paid occupancy flat, and an average daily rate (ADR) increase of 3%.

September continues to pace behind YOY, with total occupancy tracking 10% lower than 2023, and paid occupancy down 16%. The Blues and Brews festival weekend is pacing similar to last year, with total occupancy from Thursday – Saturday flat to 2023 metrics, and Sunday pacing 4% behind. A huge thanks to many of our lodging partners who are offering September specials to move the needle in a positive direction.

Looking ahead, the winter season continues to look strong, although some traction was lost since last week’s report. Total occupancy is currently pacing 15% ahead YOY, paid occupancy is 7% higher and ADR 4% lower. All months are pacing ahead of last year, with the most growth in January and March.
Stay tuned for weekly Peak Sheet lodging updates, as these metrics can shift quickly as the winter season approaches.

AIR UPDATE

Consistent 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.

As Telluride navigates the ebb and flow of seasonal travel, both lodging and air traffic are showing signs of strength, with the winter season poised for growth. Stay updated on all things Telluride real estate and tourism with Anne-Britt Ostlund and the Mountain Rose Realty team. Whether you’re looking for Telluride homes for sale or want to stay informed on local market trends, Mountain Rose Realty has you covered. Explore your dream home in this mountain paradise with our expert guidance.

Telluride Lodging and Air: September 5 – 11, ’24

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