Hotels in Onondaga County welcomed fewer guests in January 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 fell 6.4 percent to 38.8 percent in January from 41.4 percent a year prior, according to STR, a Tennessee–based hotel market […]
Hotels in Onondaga County welcomed fewer guests in January 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 fell 6.4 percent to 38.8 percent in January from 41.4 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. It was the fourth straight month in which Onondaga County’s occupancy rate fell compared to the year-earlier period.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, declined 3.7 percent to $35.42 in January from $36.77 in January 2018.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 3 percent to $91.34 in January, compared to $88.71 a year earlier. It was the 10th straight month that the county’s ADR rose.
