HO­TEL OC­CU­PANCY AND ROOM PRICES IN GREE­LEY RIS­ING

The Denver Post - - BUSINESS -

Ho­tel oc­cu­pancy rates and price per room are up in Gree­ley, thanks to the steady com­back of the oil and gas in­dus­try.

Oc­cu­pancy and prices, out­pac­ing 2016 and 2015, trail only Den­ver, ac­cord­ing to June statis­tics from the Rocky Moun­tain Lodg­ing Re­port. Things are look­ing up for Gree­ley’s ho­tels so far this year, thanks to the steady come­back of the oil and gas in­dus­try.

“The ho­tel in­dus­try in Gree­ley is im­pacted by oil and gas trends, and the num­ber of new wells is com­ing back, and ac­tiv­ity has in­creased,” said Robert Ben­tion, who helped as­sem­ble the re­port. “That has had an pos­i­tive im­pact on Gree­ley’s lodg­ing mar­ket.”

Rig counts are about dou­ble what they were a year ago.

Ac­cord­ing to the re­port, Gree­ley’s June ho­tel oc­cu­pancy rate was 88.8 per­cent, and the av­er­age daily rate of a room was $110.32.

Out­side of sum­mer, Gree­ley’s oc­cu­pancy rate was 74.2 per­cent and the av­er­age daily rate was $100.37, com­pared with 74.1 per­cent and $140.01 in Den­ver.

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