Tuesday, July 22, 2008

Hotel occupancy declines in June

Hotel occupancy rates in Colorado Springs dropped by 1.6 percent in June compared with a year ago, according to the Rocky Mountain Lodging Report from the Colorado Hotel and Lodging Association. The average room rate fell 2.07 percent to $93.41, its sharpest decline since 2005. Statewide, occupancy rates declined 3.4 percent to 71 percent, although room rates rose $5.06 to $123.82.

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