Telluride Lodging and Air Update (June 23 - 29, 2023)

LODGING UPDATE

Total destination occupancy over the next two-week period has increased by 4% YOY, currently at 52%, and average daily rate (ADR) has decreased by 7% at $557. Most of the growth will occur over the 4^th of July holiday long weekend, with a total occupancy (paid and owner) increase of 15% YOY, averaging 55% occupancy over five days. Average daily rate over the holiday weekend has decreased by 11% compared to 2022, at $656. Properties in Mountain Village will see a 31% YOY occupancy increase over the 4^th, and Town of Telluride’s occupancy over the holiday weekend has decreased by 7%.
 
Summer continues to pace slightly ahead of 2022, with a 2% increase in both total and paid occupancy (currently at 39% and 31% respectively). Destination average daily rate (ADR) has decreased by 4% at $593 compared to $618 in 2022. Mountain Village total occupancy is pacing 9% ahead of 2022 at 38% occupancy, with a 9% decrease in ADR at $568. Telluride’s total occupancy is pacing 6% behind YOY at 41%, and ADR has increased by 4% at $625. 

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!