Roughly 73 percent of metro area hotel rooms were occupied in September, down from 75.5 percent for the same month in 2007. Room rates were $125.93, up $9 from September 2007. Downtown room rates rang in at $174.91 a night — the most expensive in the metro area.
Metro area revenue per available room (RevPAR), which is what economists use to determine the health of the market, was $92.01 in September, up from $88.40 during the same month a year ago.
Statewide, 65 percent of Colorado’s hotel rooms were occupied, down from 70.5 percent in September 2007.
Average room rates throughout Colorado jumped $6 to $124.16.
Estes Park’s room rates were the most expensive in the state at $151.49.
The report was released by the Colorado Hotel & Lodging Association.