Summer reservations up for mountain resorts | SummitDaily.com
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Summer reservations up for mountain resorts

DAILY NEWS STAFF REPORT

DENVER – Analysts from the Mountain Travel Research Program (MTRiP) were upbeat about advance reservations for the coming summer despite a 20.8 percent decline in lodging occupancy in mountain destinations during May.

“The hiccup in May combined with uncertain economic conditions has cast a slight shadow on an otherwise rosy summer picture,” said Ralf Garrison, MTRiP founder. “Although the recent economic turmoil in Europe and the United States may have had some impact, May’s business is typically slow, is pretty low in volume, and has only a modest impact on the mountain lodging community.”

Economic indicators tracked by the monthly Mountain Market Briefing revealed that, although unemployment figures were down 0.3 percent in May, concern remains that many of the new jobs are in the public sector and are only temporary positions including short-term census workers. “In addition to anxiety about the unemployment figures, some pessimism about income expectations still linger for many consumers,” said Tom Foley, MTRiP analyst.

The forward-looking portion of the briefing was positive. On the books occupancy (advance reservations) is up 11 percent in July and 7 percent in August – although they are down 5 percent in June. Overall reservations for the next six months show advance bookings up 4.7 percent, and lodging rates are up 1.3 percent.

“While June’s business remains ‘iffy,’ the heart of the mountain summer business is in July and August and both months look very encouraging on several fronts,” Garrison said.


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