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HomeMy WebLinkAboutBozeman DMO Monthly Tourism Performance Update -- June 2025From:Briana Wolfe To:Chris Saunders Subject:[EXTERNAL]Bozeman DMO Monthly Tourism Performance Update -- June 2025 Date:Tuesday, July 15, 2025 4:22:40 PM Attachments:Bozeman-Yellowstone Country-Hospitality-Submarket-2025-07-15.pdf Yellowstone Country Resident Attitudes.pdf Family & Cultural Interests Report1.pdf Lodging & Travel Interests Report1.pdf Outdoor Interests Report1.pdf 1st Qtr (Jan-Mar) Lodging Facility Use Tax Collections.eml 2025 Spartan Race Reporting.pdf 2025 NEWCONNECTS-MT.xlsx 2025 Passenger and Tower Report1.doc CAUTION: This email originated from outside of the organization. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hello, Please see below and attached for a comprehensive overview of Bozeman’s tourismperformance over the past month. The report highlights key trends and provides a snapshot ofthe local market, upcoming events, and current data insights. Event Highlights Belgian Waffle Ride (BWR) Montana – Inaugural Year Attendance: ~700 riders, despite competition with a major Colorado event Course Feedback: Described as the most beautiful and universally loved course in BWR history Community Support: Successful thanks to partners including the City of Bozeman, Mayor Cunningham, Bozeman Health, the Chamber, and local businesses like Mountain Hot Tub Looking Ahead: Organizers anticipate nearly doubling attendance in 2026 (targeting June 20–21) Spartan Race 2025 – Economic Impact Snapshot Event Dates: June 19–23 at Crosscut Mountain Sports Center Visits: 7,400 total | 5,900 unique Average Dwell Time: 201 minutes Top Post-Race Activities: Dining (23.1%), Shopping/Services (19.2%), Hotels (10.6%) Visitor Movement: Strong visitation to Stoneridge Square, Walmart, Bozeman Gateway, Max Ave, and Gallatin Field Demographics: Median income: $88.8K | Median age: 26.9 | 50.6% hold bachelor’s degrees Lodging Market & Tourism Economy - See Attached CoStar Lodging Market Update – Bozeman/Yellowstone (as of May 2025) Inventory: ~8,100 rooms across 130 properties 1,600 Luxury/Upper Upscale3,800 Upscale/Upper Midscale 2,700 Midscale/Economy Pipeline: 570 rooms under construction (7.1% of supply) | 450 rooms opened in the last year 12-Month Performance Occupancy: 64.5% (▼ 2.3% YoY) ADR: $220 (▲ 4.3% YoY) RevPAR: $142 (▲ 1.9% YoY) Bozeman continues to lead the Montana market in ADR and RevPAR, with consistent developer interest in upper-tier properties. Bozeman Yellowstone International Airport (BZN) Update - See Attached June 2025 Stats Total Passengers: 307,592 (▲ 7.7% over June 2024 | ▲ 23.8% over June 2023) 12-Month Total: 2,679,583 – a new all-time record YTD Passenger Growth: +3.0% YoY vs. 2024 | +10.0% vs. 2023 Tower Ops (June): 10,557 (▲ 2.8% YoY) Business Jet Landings: 624 (▼ 8.6% YoY) Passenger volume and aircraft activity point to Bozeman’s continued growth as a regional hub. NorthWestern Energy – Utility Connects - See Attached Electric Connects (YTD 2025 vs. 2024) Bozeman: 440 (▲ 14.3%) Statewide: 1,271 (▼ 5.6%) Gas Connects (YTD 2025 vs. 2024) Bozeman: 186 (▲ 30.1%)Statewide: 447 (▼ 14.2%) Bozeman bucks the statewide trend with consistent growth in utility connections, signaling strong population and development demand. Lodging Tax, Resident Sentiment & Industry Data - See Attached Lodging Facility Use Tax (Q1 2025) Statewide collections up 2% YoY Full-year 2024 collections up 4% YoY View lodging tax updates 2024 Resident Attitude Study – Yellowstone Country Customized regional insights provided by ITRRIncludes access to a private dashboard created by UM Capstone studentsSupports SB 540 Community Grant Program and county-level planning Study supports data-informed decision-making and reinforces Yellowstone Country’s commitment to resident-focused tourism. STR Weekly Performance Insights – June 2025 June 1–7: Soft weekday performance; global RevPAR continued to grow June 14–21: Demand rebound led by Juneteenth and market shifts June 22–28: Strong weekend performance offset midweek softness Trends remain stable across the region, with fluctuations driven by calendar and event timing. https://str.com/data-insights-blog Tourism Leads - See Attached Family & Cultural, Lodging, Outdoor Reporting Upcoming & Ongoing Resources https://visitbozeman.com/bozeman-events https://visitbozeman.com/tourism-resources https://www.umt.edu/tourism-recreation-research/ Thank you,Briana Wolfe Director of Tourism and Sales Bozeman Area Chamber of Commerce 2000 Commerce Way | Bozeman, MT 59715 bwolfe@bozemanchamber.com www.bozemanchamber.com (406) 922-0449 | (406) 586-8286 (fax)