Hotels in Oneida County again welcomed fewer guests in October 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 5.1 percent to 59.7 percent in October from 63.0 percent in the year-ago month, according to STR, a Tennessee–based […]
Hotels in Oneida County again welcomed fewer guests in October 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 5.1 percent to 59.7 percent in October from 63.0 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 seven 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, dipped 5.2 percent to $66.99 this October from $70.66 in October 2016. Oneida County’s RevPar has also decreased in seven straight months.
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.1 percent to $112.17 in October, compared to $112.23 a year earlier. ADR in the county has declined in four consecutive months.
