Hotels in Onondaga County were fuller in December 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 3.5 percent to 39.8 percent in December from 38.5 percent a year prior, according to STR, a Tennessee–based hotel market data […]
Hotels in Onondaga County were fuller in December 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 3.5 percent to 39.8 percent in December from 38.5 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the third straight month in which Onondaga County’s occupancy rate rose compared to the year-earlier period. For all of 2017, the county’s occupancy rate was down 2.7 percent to 56.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, dipped 0.1 percent to $34.96 in December from $34.99 in December 2016. For the full year, Onondaga County’s RevPar was down 3.3 percent to $56.59.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.5 percent to $87.82 in December, compared to $90.99 a year earlier. For all of 2017, Onondaga County’s ADR was off 0.7 percent to $100.65, according to STR.
Post
Share
Tweet
Print
Email
Get our email updates
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Hotels in Onondaga County were fuller in December 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 3.5 percent to 39.8 percent in December from 38.5 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the third straight month in which Onondaga County’s occupancy rate rose compared to the year-earlier period. For all of 2017, the county’s occupancy rate was down 2.7 percent to 56.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, dipped 0.1 percent to $34.96 in December from $34.99 in December 2016. For the full year, Onondaga County’s RevPar was down 3.3 percent to $56.59.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.5 percent to $87.82 in December, compared to $90.99 a year earlier. For all of 2017, Onondaga County’s ADR was off 0.7 percent to $100.65, according to STR.
" />
Hotels in Onondaga County were fuller in December 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 3.5 percent to 39.8 percent in December from 38.5 percent a year prior, according to STR, a Tennessee–based hotel market data […]
Hotels in Onondaga County were fuller in December 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 3.5 percent to 39.8 percent in December from 38.5 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the third straight month in which Onondaga County’s occupancy rate rose compared to the year-earlier period. For all of 2017, the county’s occupancy rate was down 2.7 percent to 56.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, dipped 0.1 percent to $34.96 in December from $34.99 in December 2016. For the full year, Onondaga County’s RevPar was down 3.3 percent to $56.59.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 3.5 percent to $87.82 in December, compared to $90.99 a year earlier. For all of 2017, Onondaga County’s ADR was off 0.7 percent to $100.65, according to STR.
