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Onondaga County hotel occupancy rate rises nearly 2 percent in October

By Journal Staff

Date:

Hotels in Onondaga County generated a slight increase in overnight guests in October 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 increased 1.6 percent to 64.2 percent in October from 63.2 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, Onondaga County’s occupancy rate is down 3.7 percent to 58.5 percent.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 1.7 percent to $68.90 this October from $67.73 in October 2016. Year to date, Onondaga County’s RevPar is down 3.9 percent to $59.73.

Average daily rate (or ADR), which represents the average rental rate for a sold room, edged up 0.2 percent to $107.37 in October, compared to $107.19 a year earlier. Year to date, Onondaga County’s ADR is off 0.2 percent to $102.17, according to STR.   

 

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