The next few weeks are pacing 15% ahead of 2022 for total occupancy (paid & owner), with increases mostly concentrated on Telluride Film Festival weekend. Average daily rate (ADR) has decreased by 3% YOY. Film Festival weekend is pacing 15% ahead of 2022, currently at 73% total occupancy, and ADR is 1% lower at $938.
Total destination occupancy actuals, from May 25 – August 23, are 2% lower than 2022 and ADR has decreased by 7%. Mountain Village stays increased by 9% YOY, and Telluride total occupancy has decreased by 17%. For the remainder of the summer/fall season, total destination occupancy is pacing 5% ahead of 2022, currently at 40%, and ADR is 2% ahead YOY. Mountain Village is pacing 15% ahead YOY, and Telluride is pacing 9% behind 2022.
Looking ahead at winter pace, destination total occupancy has increased by 6%, currently at 20%. Total occupancy in Mountain Village properties is pacing 16% ahead of last year at 22%, and Town of Telluride occupancy is pacing 12% behind YOY at 16%.
AIR UPDATE
Summer bookings have continued to level off to yearly averages over the last several weeks, with summer still pacing up about 10% overall. While July and August finished up around 15%, due in large part to late fill from sustained high heat in our core markets, September and October are currently pacing flat YOY. The winter schedule is going through final adjustments, and very early bookings are fairly soft at this stage.
Whether you're a seasoned investor or a first-time homebuyer, Anne-Britt and the team at Mountain Rose Realty are committed to helping you find your ideal Telluride home. The breathtaking landscapes, charming mountain town atmosphere, and wide range of amenities make Telluride a destination unlike any other, and now is the time to make it your own.
Don't miss out on this golden opportunity to discover the enchanting properties offered by Mountain Rose Realty during the Telluride Air and Lodging event. Your search for Telluride real estate ends here. Contact Anne-Britt and her team today to start the journey towards finding your perfect home in this picturesque Colorado town.
Remember, whether you're interested in Telluride homes for sale or you're simply captivated by the idea of owning a piece of Telluride real estate, Mountain Rose Realty has the expertise and the listings to make your dreams a reality. Mark your calendar for August 25th to 31st and get ready to explore the finest properties that Telluride has to offer. Your mountain home awaits!
Frequently Asked Questions
How is Telluride lodging occupancy performing compared to last year?
The next few weeks are pacing 15% ahead of 2022 for total occupancy, with most gains concentrated around Telluride Film Festival weekend. However, May through August 23 actuals were 2% lower than 2022, and average daily rates have decreased by 7% year-over-year during that period.
What are room rates like for Telluride Film Festival weekend?
Film Festival weekend is currently at 73% total occupancy with an average daily rate of $938, which is 1% lower than last year.
How is Mountain Village performing versus downtown Telluride?
Mountain Village is significantly outperforming downtown Telluride, with stays up 9% year-over-year and pacing 15% ahead for the fall season, while Telluride town occupancy has decreased by 17% and is pacing 9% behind 2022.
How are summer and fall air travel bookings trending?
Summer bookings are pacing up about 10% overall, with July and August finishing around 15%, but September and October are currently pacing flat year-over-year.
