What is the current average daily rate for lodging in Telluride as of October 2024?

The average daily rate (ADR) for lodging in Telluride through October 20, 2024, is $310, which represents a 1% decrease compared to the same period in 2023.

How is Telluride's winter lodging expected to perform compared to last year?

Winter lodging is pacing 11% ahead of last season, with paid occupancy tracking up by 5% and ADR increasing by 1%. March shows the strongest growth at 21% ahead, while December is more modest at 3% ahead.

What are the current airfare options and rates for traveling to Telluride?

Daily Denver (DEN) flights and Phoenix (PHX) flights (Thursday to Sunday, except early November) are available from Telluride (TEX), with shoulder fare sale rates starting at $129 each way. Additionally, new Breeze flights connect Montrose (MTJ) to Orange County (SNA).

How are October 2024 air travel bookings to Telluride trending?

October bookings to Telluride are currently up by 5-7%, continuing the strong momentum from summer when bookings increased 10-12% overall, bolstered by increased Denver capacity and local regional usage.

What was Telluride's occupancy performance in September 2024?

September closed with total occupancy at 52%, which is 6% lower year-over-year, with paid occupancy down 10% and ADR down 9% compared to September 2023.

Telluride Air and Lodging: October 10 - 20, 2024

By Anne-Britt OstlundOctober 12, 20243 min read

Life @ Telluride

As we enter mid-October, Telluride's air and lodging metrics reveal interesting trends and valuable insights for travelers and investors alike. Understanding these shifts can help those interested in Telluride real estate or planning a trip to this picturesque destination make informed decisions. Here’s a detailed look at the latest data on lodging and air travel from October 10-20, 2024, brought to you by Anne-Britt Ostlund at Mountain Rose Realty.

Lodging Update: October 10-20, 2024

The lodging landscape in Telluride shows a balanced performance, with total destination occupancy through October 20 remaining flat year-over-year (YOY) at 34%. Paid occupancy is slightly down by 2% compared to 2023, while the average daily rate (ADR) has decreased by 1%, bringing it to $310. Despite these slight dips, occupancy is expected to peak this weekend at 53%, offering a boost for local businesses and accommodation providers.

Telluride Air and Lodging: October 10 - 20, 2024 — photo 1

Telluride Air and Lodging: October 10 - 20, 2024 — photo 2

Telluride Air and Lodging: October 10 - 20, 2024 — photo 3

Reflecting back on September, occupancy levels fell short of 2023's numbers, though the gap narrowed towards the end of the month. Total occupancy in September closed at 52%, which is 6% lower YOY. Paid occupancy was down by 10%, while ADR dropped by 9%. However, the overall summer season (May 23 – October 20) is pacing to close on a stable note, with 53% total occupancy, a 2% decline in paid occupancy, and a 4% decrease in ADR. This has resulted in a 5% drop in revenue per available room (RevPAR).

Looking forward to winter, there’s reason for optimism as total occupancy is pacing 11% ahead of last season. Paid occupancy is tracking up by 5%, and the ADR has increased by 1%. Among all months, March shows the strongest growth, 21% ahead, while December is seeing more modest growth at 3% ahead. For those exploring Telluride homes for sale or considering investment opportunities, these metrics signal a promising winter season.

Air Travel Update: October 2024

Air travel to and from Telluride remains robust, contributing to the overall attractiveness of the region. Strong bookings have persisted into late summer, and October bookings are currently up by 5-7%. The summer season has seen an overall 10-12% increase in bookings, with added local and regional usage thanks to increased Denver (DEN) capacity.

Telluride Air and Lodging: October 10 - 20, 2024 — photo 4

Telluride Air and Lodging: October 10 - 20, 2024 — photo 5

As we transition to winter, bookings are building on a typical trend, with numbers even compared to last year. Holiday travel is expected to concentrate around two weeks, due to the timing of Christmas and New Year’s falling on Wednesdays. Additionally, the newly announced Breeze flights between Montrose (MTJ) and Orange County (SNA) offer added connectivity. These flights can be booked at FlyBreeze.com, providing more options for visitors to reach Telluride.

The winter air travel landscape includes daily Denver (DEN) flights through the shoulder season from Telluride (TEX), along with Phoenix (PHX) flights from Thursday to Sunday (except in early November). Take advantage of TEX shoulder fare sale rates starting at $129 each way, making this the perfect time to plan a visit or explore real estate opportunities with Mountain Rose Realty.

What These Trends Mean for Telluride Real Estate

For those considering investment in Telluride real estate, the strong air travel numbers and positive winter lodging forecast signal continued demand for homes and vacation rentals. With occupancy pacing ahead of last year, properties in Telluride and the surrounding areas are poised for a solid season. Whether you’re looking at Telluride homes for sale or are seeking to maximize your rental property's performance, staying informed about local trends is key to making the right decisions.

Anne-Britt Ostlund at Mountain Rose Realty is here to help you navigate the ever-changing real estate landscape in Telluride. With her expertise and a deep understanding of market trends, you can confidently explore opportunities and find your perfect home in this beautiful mountain town.

Blog Outro:

The latest updates on air travel and lodging trends in Telluride highlight a season of opportunity for visitors and investors alike. As the region prepares for winter, knowing how these trends affect the market can help you make the best choices, whether you’re planning a trip or exploring homes for sale in Telluride, CO. Trust Anne-Britt Ostlund at Mountain Rose Realty to provide the insights and guidance you need to navigate the Telluride real estate market. Connect with us today to make your Telluride dream a reality!

Frequently Asked Questions

What is the current average daily rate for lodging in Telluride as of October 2024?: The average daily rate (ADR) for lodging in Telluride through October 20, 2024, is $310, which represents a 1% decrease compared to the same period in 2023.
How is Telluride's winter lodging expected to perform compared to last year?: Winter lodging is pacing 11% ahead of last season, with paid occupancy tracking up by 5% and ADR increasing by 1%. March shows the strongest growth at 21% ahead, while December is more modest at 3% ahead.
What are the current airfare options and rates for traveling to Telluride?: Daily Denver (DEN) flights and Phoenix (PHX) flights (Thursday to Sunday, except early November) are available from Telluride (TEX), with shoulder fare sale rates starting at $129 each way. Additionally, new Breeze flights connect Montrose (MTJ) to Orange County (SNA).
How are October 2024 air travel bookings to Telluride trending?: October bookings to Telluride are currently up by 5-7%, continuing the strong momentum from summer when bookings increased 10-12% overall, bolstered by increased Denver capacity and local regional usage.
What was Telluride's occupancy performance in September 2024?: September closed with total occupancy at 52%, which is 6% lower year-over-year, with paid occupancy down 10% and ADR down 9% compared to September 2023.