Mountain Rose Realty — Telluride, Colorado
Telluride Lodging and Air Update (August 4 -10) — featured image

Telluride Lodging and Air Update (August 4 -10)

By 2 min read
Life @ Telluride

Via Telluride Tourism Board

As the summer season reaches its peak and we eagerly anticipate the winter months, it's time to take a closer look at the lodging and air updates in Telluride. The real estate market in this picturesque destination is thriving, and the numbers speak for themselves. Join us as we explore the recent trends and discover how Mountain Rose Realty, led by the experienced Anne-Britt, can help you make the most of these opportunities.

Total destination occupancy (paid & owner) is pacing 1% ahead of 2022 from August 4 – 18 at 51%, and average daily rate (ADR) has decreased by 7% at $565. Peak visitation occurs over Jazz Festival weekend at 63% total occupancy. Over the two-week period, Mountain Village total occupancy is pacing 13% ahead YOY at 53%, and Telluride properties are pacing 17% behind 2022 at 48% occupancy. 
 
The summer season continues to pace 1% ahead of 2022, with the largest occupancy growth in August and September, pacing 6% ahead YOY. Summer destination ADR has decreased by 4% YOY at $563.
 
Looking ahead to winter, destination total occupancy is pacing 10% ahead YOY. Mountain Village properties are seeing a 23% increase in total occupancy pace and paid occupancy has grown by 21% YOY. Total occupancy pace in Telluride has decreased by 9% YOY, and paid occupancy is pacing 29% lower than last year.  
 

AIR UPDATE

The last several weeks showed a strong jump in overall and close-in bookings as our core markets look to escape the heat. Bookings this week returned to average, with the summer now up about 10%, showing July and August up 10-15%, and September and October running flat to last year. Winter baseline flights are live now, and Denver Air will fly again through the shoulder season.

Conclusion

The Telluride real estate market is abuzz with potential. With Mountain Rose Realty and Anne-Britt's expertise at your disposal, you can confidently navigate the lodging opportunities, capitalize on summer growth, and prepare for the winter season. As we see the demand for properties in Telluride rise, it's the perfect time to explore the market and make your real estate investment dreams come true.

Frequently Asked Questions

What is the current occupancy rate in Telluride for August 4–18, 2023?
Total destination occupancy (paid and owner) is pacing 1% ahead of 2022 at 51% for that period, though rates vary by location—Mountain Village is up 13% year-over-year at 53%, while Telluride properties are down 17% to 48%.
What is the average daily rate (ADR) for Telluride lodging right now?
The average daily rate for August 4–18 is $565, which represents a 7% decrease compared to the same period last year.
When does peak visitation happen in Telluride during this period?
Peak visitation occurs over Jazz Festival weekend, when total occupancy reaches 63%.
How are winter bookings and flights looking for Telluride?
Winter destination occupancy is pacing 10% ahead of last year, with Mountain Village seeing particularly strong demand—23% growth in total occupancy pace. Winter baseline flights are now live, and Denver Air will resume service through the shoulder season.
What are the air travel trends for summer and fall?
Summer bookings are up about 10% overall, with July and August up 10–15%, while September and October are running flat to last year; close-in bookings have returned to average after a recent surge.