SYRACUSE — Hotels in Onondaga County saw more guests in September 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 rose 2.3 percent to 63.6 percent in September from 62.1 percent a year prior, according to STR, a Tennessee–based […]
SYRACUSE — Hotels in Onondaga County saw more guests in September 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 rose 2.3 percent to 63.6 percent in September from 62.1 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the sixth straight month in which Onondaga County’s occupancy rate increased, and it’s the 11th gain in the last 12 months. Year to date through September, occupancy is up 7 percent to 61.8 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 3.4 percent to $65.63 in September from $63.50 in September 2017. Year to date, Onondaga County’s RevPar is up 8.6 percent to $63.62.
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged up 1 percent to $103.22 in September, compared to $102.20 a year ago. Through the first nine months of the year, Onondaga County’s ADR is up 1.5 percent to $103, according to STR.
