Denver hotel occupancy is down about 6 percent to start the year.
Hotel owners say there are a several things driving the recent fall in business: fewer conventions compared to last year and less business traffic due to the oil downturn. And this is happening as new hotels open, increasing the supply of rooms.
Occupancy has dropped on a year-over-year basis for 6 straight months. But the declines have been relatively modest. The numbers still look good compared to the bad years during the recession. And Denver hotels are coming off probably their best year ever.