Hotels in Onondaga county welcomed fewer guests 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 fell 1.8 percent to 46.9 percent in February from 47.7 percent a year prior, according to STR, a Tennessee–based hotel market […]
Hotels in Onondaga county welcomed fewer guests 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 fell 1.8 percent to 46.9 percent in February from 47.7 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the fifth straight month in which Onondaga County’s occupancy rate declined compared to the year-earlier period.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 4.4. percent to $45.84 in February from $43.91 in February 2018.
Average daily rate (or ADR), which represents the average rental rate for a sold room, jumped 6.3 percent to $97.74 in February, compared to $91.97 a year earlier. It was the 11th consecutive month in which the county’s ADR rose.
