Print Edition

  Email News Updates

Onondaga County hotel-occupancy rate rises nearly 27 percent in April

By Journal Staff (news@cnybj.com)

Date:

SYRACUSE, N.Y. — Onondaga County hotels served significantly more guests in the fourth month of this year than they did in April 2021 as the lodging industry continued to bounce back, according to a new report.

The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 26.8 percent to 58.3 percent this April from the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, hotel occupancy was up almost 29 percent to nearly 51 percent.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rocketed up 64.9 percent to $64.36 in Onondaga County in April from a year before. Through the first four months of 2022, RevPar increased 67.7 percent to $53.10.

Average daily rate (or ADR), which represents the average rental rate for a sold room, climbed 30 percent to $110.37 in April from April 2021. So far this year, ADR is up more than 30 percent to $104.81.

 

 

Thank You For Visiting CNYBJ.com