Aspen-Snowmass Retail Summary

Aspen - Centennial owners press for public assistance with repairs, Lodging availability still on decline, Obermeyer Place developer, city even-steven on land lease deal, Housing summit to examine Housing Authority role in community, Occupancy up sharply in June, Aspen Skiing Co. reaches out to Asian market, Council priorities for coming year affect developers, business owners, New East Cooper building draws high end retailer & top rent, Romney raises $2.5 million at fundraiser, and more....

Snowmass Village - Planning Commission OK with Westin and Mall PUD amendments, Related Colorado executive takes long term view of Base Village, Snowmass council likes entertainment district idea, Snowmaking to come from Ziegler Reservoir, Lead paleontologist for Snowmastadon dig named to Smithsonian, Viceroy Snowmass recognized by TripAdvisor.com, and more...

Basalt - Town manager calls for growth controls to be set aside, Kane leaving post as town manager for Design Workshop, Foreclosure filings down in Eagle County portion of valley, up elsewhere, Bear incidents on the rise in mid-valley, Library district faces budget shortfall, Whole Foods set for Aug. 15 opening, and more....

Pitkin County - State sides with county in Little Nell valuation appeal, State law ups taxes on agricultural properties, P&Z recommends [more...]

No summary was provided for February but if you would like us to send you the graph reports provided by the Chamber please click below.



Click here if you would like to request the Full Market Report.

January 2012 Retail Summary

Overall occupancy in January, 2012 for Aspen was up 4.3% over last year and up 8.8% in Snowmass. As of January 31st, February's overall occupancy was pacing 3.9% ahead of last year for Aspen and 12.2% ahead for Snowmass. Occupancy for the first week of March is pacing behind last year.

Aspen

MARKET OVERVIEW Despite a few minor hiccups, economic and consumer metrics continued to work in favor of destination travel during January, with almost all sectors behaving themselves. While the Dow Jones continued its strong momentum gain and the unemployment rate surprised even the most optimistic forecasters, consumer confidence declined moderately, though not enough to raise red flags. However, our primary support mechanism - marketable snow - has been absent for the first time in several years at a majority of destinations and this has created a new set of challenges. In recent years we've had epic snow to carry us through tough economic times and now we look to the economy to carry us through tough snow times. However, it seems that "good economy / bad snow" scenario may not be as supportive as "bad economy / good snow" was. Over the [more...]