The next few weeks are pacing 14% ahead of 2022 for total occupancy, and ADR is 3% higher, with increases concentrated more on Telluride Film Festival weekend. Total destination occupancy is at its lowest, at 33%, on August 28 and grows as Film Festival approaches, peaking at 77% on September 1. Film Festival weekend is pacing 13% ahead of 2022, currently at 72% total occupancy, and ADR is flat at $947.
Total destination occupancy is pacing 4% ahead of 2022 for the remainder of summer and into fall (8/18 – 10/15), currently at 39%, and ADR is 1% ahead YOY. Mountain Village total occupancy has increased by 15% YOY, and Telluride total occupancy has decreased by 10% compared to 2022.
Looking ahead at winter pace, destination total occupancy has increased by 7%, currently at 19% occupancy. Total occupancy in Mountain Village properties is pacing 18% ahead of last year at 22%, and Town of Telluride occupancy is pacing 12% behind YOY at 15%.
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.
As you immerse yourself in the beauty of Telluride's surroundings, consider seizing the opportunity to make this remarkable place a permanent part of your life. With Anne-Britt's guidance and Mountain Rose Realty's expertise, your dream of owning a piece of Telluride real estate can become a reality.
Explore Telluride Homes for Sale Today
The allure of Telluride is not limited to its natural splendor; it extends to the warmth of its community and the potential for creating lasting memories. From stunning mountain views to world-class recreational activities, Telluride offers an unparalleled quality of life. And with Mountain Rose Realty as your partner, finding the perfect Telluride home for sale has never been easier.
Contact us today to embark on your journey towards owning your own slice of Telluride's captivating landscape. Let Anne-Britt and the Mountain Rose Realty team guide you every step of the way, as you explore the rich possibilities of Telluride real estate.
Frequently Asked Questions
How is Telluride lodging occupancy pacing compared to last year?
For the August 18 – October 15 period, destination occupancy is pacing 4% ahead of 2022 at 39%, with ADR up 1% year-over-year. However, occupancy varies by location: Mountain Village is up 15%, while Telluride town is down 10% compared to 2022.
What is the occupancy forecast for Telluride Film Festival weekend?
Film Festival weekend is pacing 13% ahead of 2022 with current occupancy at 72% and an average daily rate (ADR) of $947. Total destination occupancy peaks at 77% on September 1 as the festival approaches.
How are air bookings trending for fall and winter?
Summer air bookings are pacing up about 10% overall, with July and August finishing around 15%. However, September and October are currently pacing flat year-over-year, and winter bookings are showing fairly soft early pace at this stage.
When is the lowest occupancy period for Telluride lodging this summer?
August 28 shows the lowest destination occupancy for the upcoming weeks at 33%, before climbing steadily as the Telluride Film Festival approaches.
