UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) went up 4.5 percent to 77.2 percent in August from the year-ago month. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through August, occupancy was up 1.6 percent to 61.2 […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) went up 4.5 percent to 77.2 percent in August from the year-ago month.
That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through August, occupancy was up 1.6 percent to 61.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, gained 9.1 percent to $116.36 this August in the Mohawk Valley’s biggest county, compared to August 2022. Through the first eight months of the year, RevPar was higher by 7.8 percent to $81.64
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 4.4 percent to $150.71 in Oneida County in the eighth month of 2023, versus the same month a year prior. Year to date, ADR was up 6.1 percent to $133.41.
