SYRACUSE — Just over four out of 10 hotel rooms in Onondaga County, on average, were occupied by guests in October, as the pandemic continued to inhibit the hospitality industry. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county was 42.7 percent in October, down 34.5 percent from the year-ago […]
SYRACUSE — Just over four out of 10 hotel rooms in Onondaga County, on average, were occupied by guests in October, as the pandemic continued to inhibit the hospitality industry.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county was 42.7 percent in October, down 34.5 percent from the year-ago month. That’s according to STR, a Tennessee–based hotel market data and analytics company. Year to date, hotel occupancy in the county was down nearly 39 percent compared to 2019.
Onondaga County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, hit $34.62 in October, down 51.8 percent from October 2019 levels. RevPar was off nearly 51 percent through the first 10 months of 2020, compared to the same period last year.
Average daily rate (or ADR), which represents the average rental rate for a sold room, was measured at $81.06 in October, down 26.3 percent from a year earlier. ADR was off almost 20 percent year to date, from 2019 levels.
