Denver hotels enjoyed occupancy growth for six years running, but it looks like the trend will be leveling off, according to data in the mid-year Rocky Mountain Lodging Report from consultants Robert Benton and Bill Hopping and shared by the Colorado Hotel and Lodging Association. Occupancy was only 59% in 2009, but jumped to 75.9% in 2015 with the recovery and later boom of the Mile High City economy.
One of the upshots of that growth has been a spike in the number of hotel rooms. In 2015, eight hotels with a combined 1,557 rooms opened in the Denver area, and 13 hotels with 1,515 rooms will open this year all together, the Denver Business Journal reports. Occupancy thus fell to 73.7% over the first six months of this year, compared to 75.4% for the same period last year. [DBJ]
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