What was the average daily rate (ADR) for lodging in Telluride for the week of June 30 - July 6, 2023?

The average daily rate for the Town of Telluride was $540 for this period, down 9% compared to 2022, while Mountain Village averaged $609, down 17% year-over-year.

How did occupancy rates compare between Telluride town and Mountain Village for this lodging update?

Mountain Village showed stronger performance with 53.9% total occupancy (up 16% YOY), while the Town of Telluride had 52.4% occupancy (down 13% YOY) for the two-week period.

What occupancy rates were expected for the July 4th holiday weekend in Telluride?

Destination occupancy for the July 4th weekend increased 11% year-over-year, with the highest compression on July 3 and 4 at 64% total occupancy.

How did summer air travel bookings to Telluride compare to the previous year?

Summer air bookings were up approximately 5% overall, with June up double digits, July and August up a few points, and September and October flat to slightly down compared to 2022.

Telluride Lodging and Air Update (June 30 - July 6, 2023)

By Anne-Britt OstlundJune 30, 20232 min read

Life @ Telluride

Via Telluride Tourism Board

LODGING UPDATE

Total occupancy over the next two weeks is up 4% YOY at 53.5%, and average daily rate (ADR) has decreased by 13% compared to 2022 at $587. Total occupancy in the Town of Mountain Village has increased by 16% YOY, at 53.9%, with a 17% decrease in ADR at $609. Town of Telluride total occupancy has decreased by 13% over the two-week period, at 52.4%, with a 9% decrease in ADR at $540. Destination occupancy over the 4^th of July weekend has increased by 11% YOY, with the highest compression on July 3 and 4, at 64% total occupancy.

Summer continues to pace slightly ahead of 2022, with both total and paid occupancy 2% ahead of last year, at 40% and 32% respectively. May and June were two points behind YOY, July is pacing flat, and August and September are pacing three points ahead of 2022. Town of Telluride is seeing a total occupancy decrease of 8%, while Mountain Village total occupancy has increased by 10% YOY. Telluride’s summer ADR has increased by 4% ($616), and Mountain Village’s ADR has decreased by 9% ($560).

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

Strong weekly bookings have continued after the softer spring, with summer overall now up about 5%. June is up double digits with July and August up a few points, and September and October flat to just down. Daily traffic is spread evenly over the next few weeks, including the 4^th of July holiday.

Thank you for being a loyal reader of the MountainRoseRealty.com Blog, your trusted source for everything Telluride news and Anne-Britt Telluride real estate. We have been dedicated to providing you with the most up-to-date information, market trends, and insider tips on Telluride real estate. Our goal is to help you navigate the exciting world of Telluride properties and make informed decisions. Whether you are a potential homebuyer, seller, or simply curious about the local market, we are here to assist you every step of the way. Stay connected with us as we continue to bring you valuable insights into the world of Telluride real estate, guided by the expertise of Anne-Britt and her team.

Frequently Asked Questions

What was the average daily rate (ADR) for lodging in Telluride for the week of June 30 - July 6, 2023?: The average daily rate for the Town of Telluride was $540 for this period, down 9% compared to 2022, while Mountain Village averaged $609, down 17% year-over-year.
How did occupancy rates compare between Telluride town and Mountain Village for this lodging update?: Mountain Village showed stronger performance with 53.9% total occupancy (up 16% YOY), while the Town of Telluride had 52.4% occupancy (down 13% YOY) for the two-week period.
What occupancy rates were expected for the July 4th holiday weekend in Telluride?: Destination occupancy for the July 4th weekend increased 11% year-over-year, with the highest compression on July 3 and 4 at 64% total occupancy.
How did summer air travel bookings to Telluride compare to the previous year?: Summer air bookings were up approximately 5% overall, with June up double digits, July and August up a few points, and September and October flat to slightly down compared to 2022.