Over the next two weeks, destination occupancy is flat YOY at 55%, and average daily rate (ADR) has decreased by 13% at $548. Total occupancy is pacing ahead during the week of July 17, with July 21 pacing 13% ahead YOY at 63% occupancy.
Summer occupancy continues to pace 3% ahead of last summer, currently at 41.5%. ADR is pacing 5% below 2022 at $578. May and June both closed 2 points behind 2022, and the remaining summer months are pacing ahead: July is 2% up, August and September are pacing 10% ahead, and October is flat. Total summer occupancy in Telluride has decreased by 9% YOY at 43%, and ADR has increased by 3% at $608. Mountain Village is experiencing a 13% increase in total summer occupancy at 41%, and ADR has decreased by 9% at $556.
With summer booking windows shorter than the winter months, lodging metrics can change quickly. Stay tuned to the weekly Peak Sheet for up-to-date lodging forecasts to ensure your business is properly prepared!
AIR UPDATE
Continued strong weekly bookings now have overall air numbers about 8% ahead for the summer. July and August are up 10%+ while September and October continue to pace slightly down YOY. The base winter schedule is loaded, noting that there are likely to be a few changes to the network this coming season.
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Frequently Asked Questions
What is the current average daily rate for lodging in Telluride for July 7-13, 2023?
The average daily rate (ADR) for this period is $548, which represents a 13% decrease compared to the same week last year.
How is summer occupancy in Telluride performing compared to last year?
Summer occupancy is pacing 3% ahead of last summer at 41.5%, though total summer occupancy has decreased 9% year-over-year to 43%. However, July is up 2%, and August and September are pacing 10% ahead of 2022.
What are the air travel trends for Telluride this summer and fall?
Overall air numbers are about 8% ahead for the summer, with July and August up 10%+ compared to last year, while September and October continue to pace slightly down year-over-year.
How is Mountain Village lodging performing compared to Telluride?
Mountain Village is experiencing stronger performance with a 13% increase in total summer occupancy at 41%, though its average daily rate has decreased by 9% to $556.
