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Old Posted Feb 17, 2014, 9:46 PM
mhays mhays is offline
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Join Date: Jul 2001
Posts: 19,748
I'm surprised at how much Denver is ratcheting up its hotel room count. When the convention hotel went in (nice, I recently stayed there) my guess was it would flood the market for a while, aided by the subsidy. But it's been absorbed and there's plenty more demand for non-subsidized construction, which sounds strongest near the convention center. This suggests that the center is doing well, and non-convention demand must also be doing well. I don't see Denver as a major tourist city but it's probably ratcheting up in that regard, while also being a strong general business destination.

The Gaylord hotel/convention project in Aurora is worrisome. It seems like that could pull some convention business away. Of course the convention business is also subject to growing competition from other cities as well.