Salt Lake City's lodging occupancy rate rose to 67.6 percent in January, up from 64.7 percent in the same month a year ago, according to the Rocky Mountain Lodging report.
Average daily room rates for Salt Lake hotel establishments for the month rose to $84.23, up from $77.87 a year earlier.
Utah mountain resorts reported the highest occupancy rates across the state in January at 74.1 percent, with an average room rate of $234.72.
"Other Utah" had the lowest occupancies at 35.7 percent, with a room rate of $54.25.
The U.S. housing market is historically overvalued. Moody’s says these cities may see prices drop up to 10%