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The Gazette's Biz Blog ~ News, information and issues from the Business Desk of The Gazette.

Region’s hotel rates, occupancy drop

June 22nd, 2009, 5:08 pm · Post a Comment · posted by Joanna Bean

Hotel occupancy in the Colorado Springs area fell 4.7 percentage points in May compared to 2008, according to the Rocky Mountain Lodging Report prepared for the Colorado Hotel and Lodging Association.
Rates dropped to 59.2 percent in the month. The average room rate also tumbled $6.11 to $85.41 compared with a year ago.
Statewide, occupancy rates dropped 7.9 percentage points to 52.4 percent, and the average room rate fell $8.95 to $103.97.

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