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.