Hotels in Oneida County again welcomed fewer guests in November compared to a year ago, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.4 percent to 47.3 percent in November from 48.5 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. Oneida County’s occupancy rate has now declined eight months in a row.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, slipped 2.8 percent to $46.92 in November from $48.26 in November 2016. Oneida County’s RevPar has also decreased in eight straight months.
(Sponsored)
How CH Insurance’s BOOST Program Optimizes Group Benefits for Small Businesses
For small business owners, navigating the complexities of group benefits can be overwhelming. Between compliance regulations, cost considerations, and employee expectations, offering a competitive benefits package often feels like a
Can a Generative AI Use Policy for the Workplace Help Protect Sensitive Data?
Artificial intelligence is a buzzword for many industries. It has good and bad effects on the future of creating content, finding information, and other uses. So, what does this mean
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.4 percent to $99.18 in November from $99.54 a year earlier. ADR in the county has declined in four of the last five months.
Contact the Business Journal News Network at news@cnybj.com
