Hotels in Onondaga County saw a surge in guests in April compared to the year-ago month, according to a new report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county soared 18.4 percent to 66.7 percent in April from 56.3 percent a year prior, according to STR, a Tennessee–based […]
Hotels in Onondaga County saw a surge in guests in April compared to the year-ago month, according to a new report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county soared 18.4 percent to 66.7 percent in April from 56.3 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. Year to date through April, the county’s occupancy rate is up 6.1 percent to 52.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 23.6 percent to $67.40 in April from $54.54 in April 2017. Year to date, Onondaga County’s RevPar is up 4.2 percent to $49.43.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 4.4 percent to $101.10 in April, compared to $96.85 a year ago. Year to date through April, Onondaga County’s ADR is off 1.8 percent to $94.62, according to STR.
