Longmont’s occupancy rates continue to follow statewide trends.
The February Rocky Mountain Lodging Report from the Colorado Hotel and Lodging Association reported that Longmont’s rooms were 59.8% occupied last month, just behind the statewide average of 62.9%.
Through the first two months of 2023, Longmont’s lodging occupancy has been above the first two months of 2022, up from 51.1% to 53.6%. Occupancy percentage is determined by the overall number of room nights available in the city.
In Colorado, occupancy rates are also up for the first two months of the year compared to last year, from 55.5% in 2022 to 59% in 2023, according to the report.
Average room rates have gone up in the state this year compared to last year. The average daily rate in Colorado was $210.65 in February compared to $196.46 in the same month last year.
However, in Longmont average room rates in 2023 have gone down $3 compared to the first two months of 2022 at $95.64 a night. Statewide room rates are brought up by the resort communities, which averaged $603.85 a night in February.