ASPEN REAL ESTATE – Tracking actual occupancy levels of Aspen’s fractional ownership and timeshare properties is difficult, but they appear produce slightly more “hot beds” than traditional lodges, according to a study recently commissioned by the city of Aspen. The study, produced by former Aspen planning director Julie Ann Woods, is based on interviews with knowledgeable people in the industry, surveys filled out by the general managers of two Aspen fractional properties, and confidential occupancy data shared by another Aspen property. Woods concludes that occupancy at Aspen’s fractional properties averages out around 60 to 65 percent on a year-round basis, and can be in the 80-95 percent range during “high season” periods.“It is perceived that occupancy in fractional units is slightly higher on average over traditional lodging,” Woods writes in the study.
By Curtis Wackerle, NOV. 29, 2011 ADN
Photo Credit: St Regis Aspen