Total destination occupancy over the next two weeks is currently at 59%, 15% behind the same period in 2023. Average daily rate (ADR) is 4% ahead YOY, at $843.
The remaining six weeks of the ski season are tracking 2% behind 2023 in total occupancy, with decreases over the next four weeks and then a bump in occupancy levels during the last two weeks due to the Easter holiday and the ski resort staying open through the first week of April.
The first two weeks of March will be the busiest for Spring Break visitation, with an average occupancy of 61%, 12% lower than the same two-week period in 2023.
AIR UPDATE
While not seeing the higher weekly spikes, spring bookings have held at a solid pace similar to pre-covid patterns. Winter overall is pacing an estimated 5-6% down YOY, also looking more like pre-covid, with late February a little softer and March a little stronger while still down. Late Feb and Spring Break weeks are just behind, while end of season with the early Easter is up. Summer flights are loaded with an earlier start to daily Houston and Chicago routes, with Southwest flying Dallas-Love Field along with Denver. Any other additions will come over the next couple months. Schedules and maps are available here.
In conclusion, as we delve into the lodging and air travel updates for Telluride, it's evident that while there have been fluctuations in occupancy rates and booking patterns, the real estate market remains an anchor of stability in the region. If you're considering investing in Telluride real estate, whether it's for a vacation home, rental property, or permanent residence, now is the time to explore the opportunities available.
At Mountain Rose Realty, we specialize in providing unparalleled service and expertise in Telluride real estate. Whether you're searching for your dream mountain retreat or looking to sell your property, our dedicated team, led by Anne-Britt Ostlund, is here to guide you every step of the way.
With Telluride homes for sale offering unparalleled views, access to world-class skiing, and a vibrant community atmosphere, there's never been a better time to make Telluride your home. Contact us today to begin your journey towards owning a piece of this idyllic mountain paradise.
And remember, for all your Telluride real estate needs, trust Mountain Rose Realty to help you find the perfect property in this breathtaking corner of Colorado.
Frequently Asked Questions
What is the current occupancy rate for Telluride lodging for late February 2024?
Total destination occupancy over the next two weeks is currently at 59%, which is 15% behind the same period in 2023. The average daily rate (ADR) is $843, up 4% year-over-year.
How is Telluride lodging expected to perform during Spring Break 2024?
The first two weeks of March will be the busiest for Spring Break visitation, with an average occupancy of 61%, though this is 12% lower than the same two-week period in 2023.
What air service changes are coming to Telluride for summer 2024?
Summer flights will include daily Houston and Chicago routes with an earlier start, plus Southwest service on the Dallas-Love Field route along with Denver connections. Additional airline additions are expected over the next couple of months.
How are spring flight bookings to Telluride tracking compared to pre-COVID patterns?
Spring bookings have held at a solid pace similar to pre-COVID patterns, with winter overall pacing an estimated 5-6% down year-over-year. Late February is softer while March is stronger, though still down overall.
