Hotels in Onondaga County saw slightly fewer guests in March 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 slipped 0.4 percent to 53.2 percent in March from 53.4 percent a year prior, according to STR, a Tennessee–based hotel […]
Hotels in Onondaga County saw slightly fewer guests in March 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 slipped 0.4 percent to 53.2 percent in March from 53.4 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. The decline broke a string of five straight increases in Onondaga County’s occupancy rate compared to the year-earlier period. Year to date through March, the county’s occupancy rate is up 1.3 percent to 47.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 3.9 percent to $49.86 in March from $51.91 in March 2017. Year to date, Onondaga County’s RevPar is down 3.4 percent to $43.52.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.6 percent to $93.70 in March, compared to $97.16 a year ago. Year to date through March, Onondaga County’s ADR is off 4.7 percent to $91.62, according to STR.
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Hotels in Onondaga County saw slightly fewer guests in March 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 slipped 0.4 percent to 53.2 percent in March from 53.4 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. The decline broke a string of five straight increases in Onondaga County’s occupancy rate compared to the year-earlier period. Year to date through March, the county’s occupancy rate is up 1.3 percent to 47.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 3.9 percent to $49.86 in March from $51.91 in March 2017. Year to date, Onondaga County’s RevPar is down 3.4 percent to $43.52.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.6 percent to $93.70 in March, compared to $97.16 a year ago. Year to date through March, Onondaga County’s ADR is off 4.7 percent to $91.62, according to STR.
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Hotels in Onondaga County saw slightly fewer guests in March 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 slipped 0.4 percent to 53.2 percent in March from 53.4 percent a year prior, according to STR, a Tennessee–based hotel […]
Hotels in Onondaga County saw slightly fewer guests in March 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 slipped 0.4 percent to 53.2 percent in March from 53.4 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. The decline broke a string of five straight increases in Onondaga County’s occupancy rate compared to the year-earlier period. Year to date through March, the county’s occupancy rate is up 1.3 percent to 47.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 3.9 percent to $49.86 in March from $51.91 in March 2017. Year to date, Onondaga County’s RevPar is down 3.4 percent to $43.52.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.6 percent to $93.70 in March, compared to $97.16 a year ago. Year to date through March, Onondaga County’s ADR is off 4.7 percent to $91.62, according to STR.
