Telluride Air and Lodging Update: Jan 5-11

Via Telluride Tourism Board

SKIER VISITS


Download the Telluride Ski Resort app for terrain and resort updates.

GROUP FORECAST

LODGING UPDATE


As the holidays wind down, lodging occupancy will decrease after this weekend, with a bump during the upcoming MLK holiday. Total occupancy over the next two-week period is pacing 11% behind 2023 at 46% compared to 52%. Average daily rate (ADR) is 6% lower YOY at $728. 
 
December total occupancy closed 14% behind 2022, most likely due to lack of early season snow and reduced group business. 
 
The remaining winter months are currently pacing 3% behind in YOY occupancy, with a 1% decrease in ADR. January is pacing 10% lower than 2023, and February occupancy pace has decreased by 5% YOY. March is tracking slightly ahead with a 1% YOY increase, and April occupancy is significantly higher due to the ski resort staying open through April 7 (2023 Closing Day was April 2). 
 

AIR UPDATE

The winter holidays are finishing up about flat for the current two weeks, while down approximately 10% for the three-week period. Please have your guests arrive early for departures this weekend. Bookings have held strong, while January brings the largest booking weeks of the year for the second half of the season. Please make sure to get the word out. Overall, air is pacing 2-5% down for the season, with some softness in late January and February. Baseline summer flights are live now, with any additions or changes coming over the next few months. The MTJ expansion, including jet bridges, is open and operational!

Thank you for tuning in to our Skier Visits blog update. As we navigate through the pulse of Telluride's winter season, it's essential to stay informed about the trends that shape the real estate landscape in this stunning mountain destination.

If the allure of Telluride's snow-covered peaks and world-class ski terrain has captivated you during your visit, it might be time to consider making this breathtaking location a more permanent part of your life. And when it comes to Telluride real estate, Mountain Rose Realty is your trusted partner.

Led by the experienced and knowledgeable Anne-Britt Ostlund, Mountain Rose Realty is dedicated to helping you find your dream home amidst the unparalleled beauty of Telluride. Whether you're in search of Telluride homes for sale or exploring the real estate market in Telluride, CO, Anne-Britt and her team are here to guide you every step of the way.

As we delve into the occupancy and pricing dynamics of the local lodging market, it's evident that Telluride remains a sought-after destination year-round. Despite the fluctuations in occupancy rates, the intrinsic charm and recreational offerings of this mountain paradise make it a prime location for real estate investment.

If you're considering planting roots in Telluride, now is a strategic time to explore the real estate market. The decreasing occupancy rates present an opportunity for prospective buyers, and with Anne-Britt Ostlund at Mountain Rose Realty, you have a seasoned expert to help you navigate the Telluride real estate landscape.

As we keep you updated on the latest air travel trends impacting Telluride, it's worth noting that securing your mountain home now means being ready to enjoy the upcoming ski season without any last-minute hassles. With bookings strong and January marking the peak booking weeks, acting promptly is key.

In the realm of Telluride real estate, Mountain Rose Realty stands out as your go-to partner. For a seamless experience in finding Telluride homes for sale or understanding the real estate market in Telluride, CO, trust Anne-Britt Ostlund and her team to turn your mountain living dreams into reality.

Don't miss the chance to carve your path into the Telluride real estate landscape. Contact Mountain Rose Realty today and let us help you make Telluride your home, where every season is a celebration of nature's beauty and adventure.


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Address Anne-Britt Ostlund | Mountain Rose Realty
ER.40037299
Mountain Rose Realty
220 East Colorado Avenue Suite 210
Telluride, CO 81435

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