Realtor Connection

Cole Columbus

Cole Columbus

Director of Business Development

Dear Partners,

We are now at the midpoint of the year and excited to continue sharing short-term rental market data, along with our insights into how current trends are impacting the Summit County market. This report provides an overview of key performance indicator (KPI) trends for Q2 2026 compared to Q2 2025, including performance across Average Daily Rate (ADR), Occupancy, and RevPAR.

As the vacation rental landscape continues to evolve, these insights provide a deeper understanding of market conditions, demand patterns, and the factors influencing rental performance. We remain committed to providing transparency and valuable perspective to help our partners make informed decisions regarding their properties.

Market Overview

Q2 2026 performance across the Summit County vacation rental market reflected a dynamic operating environment, with rate strength offset by softer Occupancy trends. ADR remained resilient, supported by strong holiday demand and the tail end of the ski season. That said, Occupancy was impacted by challenging snow conditions and earlier-than-normal resort closures. These factors collectively influenced RevPAR performance, providing a more complete view of market conditions throughout the quarter.

The following examines KPIs—from ADR to Occupancy to RevPAR—highlighting broader market trends and Natural Retreats’ performance relative to the Summit County market.

Key Performance Indicators


The Data

This data was sourced from 70 property managers with +/- 6,500 properties, all of which are located within Summit County, Colorado.

Average Daily Rate (ADR)

Average Daily Rate (ADR) 2026 Summit County

The Summit County vacation rental market recorded a modest year-over-year increase in ADR during Q2 driven primarily by strong performance in April. Demand was especially robust during the first two weeks of the month, as the timing of the Easter holiday contributed to stronger booking demand and supported higher rates. ADR moderated in both May and June compared to the same periods in 2025, reflecting softer pricing amid evolving demand patterns. Despite these monthly declines, the market maintained a modest YoY gain in ADR for the quarter.

Market Occupancy

Adjusted Occupancy Rate  2026 Summit County

Occupancy trends during Q2 largely mirrored the inverse of ADR performance, with April posting the most significant YoY decline. While stronger rates supported ADR early in the month, Occupancy was impacted by resorts closing earlier than usual due to challenging snow conditions. Overall, the Summit County market experienced a 14.8% YoY decline in Occupancy for the quarter.

Demand began to recover in June, with booking activity showing meaningful improvement as summer travel gained momentum. This rebound may indicate pent-up demand for Mountain West destinations following weather-related disruptions in Q1, offering an encouraging sign for the balance of the summer season.

Market RevPAR

RevPar  2026 Summit County

RevPAR, arguably the most comprehensive measure of vacation rental performance, declined to $33 in Q2, representing a 15.5% YoY decrease driven by the combined impact of Occupancy and ADR performance. By balancing Occupancy with rate, RevPAR provides a more complete view of overall rental performance than either metric alone. The decline was largely concentrated in April, as the abbreviated ski season and earlier-than-normal resort closures negatively impacted demand and Occupancy during a key period for the market.

Natural Retreats vs Summit County Market – RevPAR

Natural Retreats outperformed the broader Summit County market by more than 52% in Adjusted RevPAR during Q2. This significant outperformance reflects the strength of our curated portfolio and the higher-quality homes we represent within the market. By maintaining a selective approach to inventory, Natural Retreats is able to command higher ADRs while delivering elevated service levels and experiences for both homeowners and guests.

The Summit County vacation rental market continues to demonstrate resilience, reinforcing the long-term value of professionally managed vacation homes. As a trusted local operator, Natural Retreats helps homeowners maximize both Occupancy and revenue through dynamic pricing strategies, luxury guest services, and comprehensive hands-on home care.

KEY-DATA KPI DEFINITIONS

Glossary

 

  • ADR (Average Daily Rate) measures the average Unit Revenue paid by guests for the Guest Nights in a given time period. ADR = Unit Revenue (Nightly) / Guest Nights.
  • APO (Adjusted Paid Occupancy) calculates the percentage of Guest Nights out of the total nights available for guests to book, or the Nights Available. Adjusted Paid Occupancy = Guest Nights / Nights Available.
  • Adjusted RevPAR (Revenue Per Available “Room”) is calculated by multiplying the Adjusted Paid Occupancy % by the ADR. A critical KPI for measuring revenue performance, Adjusted RevPAR takes into account both the average rate at which you booked the property (ADR) and the number of nights it was booked less owner nights and holds (Adjusted Paid Occupancy).  This provides a better indicator of overall performance when compared to looking at the ADR or the Occupancy alone. Adjusted RevPAR = Adjusted Paid Occupancy % x ADR (or) Total Unit Revenue / Total Available Paid Nights in a given period.
mother and child in living room

Partner with Natural Retreats

We’re actively seeking partnerships with real estate professionals who want to offer added value to their clients. Whether your buyers are exploring vacation home investments or sellers who need a compelling income story, we’re here to help with:

  • Complimentary revenue projections
  • Pre-market rental assessments
  • Seamless onboarding for new homeowner clients
  • Consultation of current short-term rental regulations

 

Natural Retreats provides expert vacation rental management designed to drive returns and preserve property value. We're actively partnering with local agents to help buyers and sellers unlock the full potential of short-term rentals.