HOTEL OCCUPANCY AND ROOM PRICES IN GREELEY RISING
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.