Hotels in Oneida County welcomed more guests in March 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 rose 1.6 percent to 48.3 percent in March from 47.5 percent in the year-ago month, according to STR, a Tennessee–based hotel […]
Hotels in Oneida County welcomed more guests in March 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 rose 1.6 percent to 48.3 percent in March from 47.5 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. That broke a streak of 11 straight monthly declines in Oneida County’s occupancy rate. Year to date through March, the occupancy rate was down 1.6 percent to 44.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, inched up 0.8 percent to $48.62 this March from $48.23 in March 2017. That also ended a string of 11 straight monthly declines in RevPar. Year to date through the first quarter of 2018, RevPar was off 1.5 percent to $45.97.
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.8 percent to $100.69 in March, compared to $101.54 a year earlier. Year to date, ADR was nearly unchanged.
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Hotels in Oneida County welcomed more guests in March 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 rose 1.6 percent to 48.3 percent in March from 47.5 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. That broke a streak of 11 straight monthly declines in Oneida County’s occupancy rate. Year to date through March, the occupancy rate was down 1.6 percent to 44.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, inched up 0.8 percent to $48.62 this March from $48.23 in March 2017. That also ended a string of 11 straight monthly declines in RevPar. Year to date through the first quarter of 2018, RevPar was off 1.5 percent to $45.97.
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.8 percent to $100.69 in March, compared to $101.54 a year earlier. Year to date, ADR was nearly unchanged.
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Hotels in Oneida County welcomed more guests in March 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 rose 1.6 percent to 48.3 percent in March from 47.5 percent in the year-ago month, according to STR, a Tennessee–based hotel […]
Hotels in Oneida County welcomed more guests in March 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 rose 1.6 percent to 48.3 percent in March from 47.5 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. That broke a streak of 11 straight monthly declines in Oneida County’s occupancy rate. Year to date through March, the occupancy rate was down 1.6 percent to 44.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, inched up 0.8 percent to $48.62 this March from $48.23 in March 2017. That also ended a string of 11 straight monthly declines in RevPar. Year to date through the first quarter of 2018, RevPar was off 1.5 percent to $45.97.
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.8 percent to $100.69 in March, compared to $101.54 a year earlier. Year to date, ADR was nearly unchanged.
