UTICA — Oneida County hotels registered a decline in overnight guests in October, as two other key indicators of business performance improved. The hotel-occupancy rate (rooms sold as a percentage of rooms available) dipped 3 percent to 66.4 percent in the 10th month of this year compared to the year-ago month, according to a report […]
UTICA — Oneida County hotels registered a decline in overnight guests in October, as two other key indicators of business performance improved.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) dipped 3 percent to 66.4 percent in the 10th month of this year compared to the year-ago month, according to a report from STR, a Tennessee–based hotel-market data and analytics company. Year to date, occupancy was down 0.3 percent to 62.4 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, edged up 0.4 percent to $98.73 this October in the Mohawk Valley’s largest county versus October 2023. Through the first 10 months of this year, RevPar has gained 5.7 percent to $89.30.
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 3.5 percent to $148.60 in Oneida County in October 2024, compared to the same month a year prior. Through Oct. 31 of this year, ADR had increased 6 percent to $143.21.
