Our group had a great time at Telluride. Early January is a great time to go as we arrived after the New Year's crowd had left and before the MLK weekend people arrived. There were noticeably more people skiing on the weekend but on weekdays we practically had the place to ourselves.
NOTE: Telluride has one of the highest base elevations in North America (and perhaps anywhere) so it's very important to constantly hydrate. You'll notice the altitude change as soon as you start walking up even a small flight of stairs. Be aware of the potential for altitude sickness but hydrating frequently will help.
There's a good mix of slope types at Telluride. One thing our group found helpful was that instead of the basic green/blue/black/double black slope signs, the resort actually breaks it down further into green/double green/blue/double blue/black/double black. This lets beginners know what they're in for and allows the intermediates to distinguish bump runs from regular runs.
The snow was a bit thin while we were there but it was pretty early in the season and there was plenty of terrain open. I would have like to have tried some of the bowls but they were pretty much all closed. We had unseasonably cold weather during our stay and as the uppermost lifts are above treeline it got very cold when the wind whipped along the top of the ridge.
I'd love to go back when there is more snow and I can ski more of the terrain.
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