SYRACUSE — Hotels in Onondaga County were fuller in February than in the year-ago month, while room revenue also gained, according to a recent report. The data was from the last full month before the hotel business in the region, state, and much of the U.S. was slammed by the coronavirus emergency, starting in mid-March. […]
SYRACUSE — Hotels in Onondaga County were fuller in February than in the year-ago month, while room revenue also gained, according to a recent report.
The data was from the last full month before the hotel business in the region, state, and much of the U.S. was slammed by the coronavirus emergency, starting in mid-March.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 3.2 percent to 48.4 percent in February, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 3.8 percent to $47.40 in February.
Average daily rate (or ADR), which represents the average rental rate for a sold room inched up 0.6 percent to $97.93 in February.
