UTICA — Hotels in Oneida County were slightly fuller in February than in the year-ago month, according to a new report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 2.1 percent to 47.9 percent in February from 46.9 percent a year prior, according to STR, a Tennessee–based […]
UTICA — Hotels in Oneida County were slightly fuller in February than in the year-ago month, according to a new report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 2.1 percent to 47.9 percent in February from 46.9 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. The county’s occupancy rate has gained in 11 of the last 12 months.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, edged up 0.9 percent to $50.38 in February from $49.91 in February 2018. Oneida County’s RevPar has also increased in 11 of the past 12 months.
Average daily rate (or ADR), which represents the average rental rate for a sold room, fell 1.1 percent to $105.25 in February from $106.45 a year ago.
