BINGHAMTON, N.Y. — Broome County hotels saw a slight rise in overnight guests in February, as two other key indicators of business performance increased by more during the month.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 1.4 percent to 51.3 percent in the second month of 2025, compared to February 2024, according to a report from STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, jumped 10.1 percent to $56.34 in February versus the year-ago month.
(Sponsored)
Finding the Right Business Banking Partner: 4 Considerations to Support your Search
In today’s increasingly dynamic and competitive business environment, finding the right banking partner to meet the needs of your business is critical to your success. Banks are not one-size-fits-all and
Cybersecurity in Today’s Remote Work Environment
The response to the COVID-19 pandemic demonstrated that remote work was viable for many companies. Today, remote and hybrid work models have become standard options for most professionals. While remote
The average daily rate (ADR), which represents the average rental rate for a sold room, increased by 8.6 percent in Broome County to $109.84 this February, compared to the same month a year prior.
