SYRACUSE — Hotels in Onondaga County were significantly fuller in January than in the year-prior month, while room revenue also jumped, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 8.2 percent to 41.9 percent in January, according to STR, a Tennessee–based hotel […]
Get Instant Access to This Article
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
- Critical Central New York business news and analysis updated daily.
- Immediate access to all subscriber-only content on our website.
- Get a year's worth of the Print Edition of The Central New York Business Journal.
- Special Feature Publications such as the Book of Lists and Revitalize Greater Binghamton, Mohawk Valley, and Syracuse Magazines
Click here to purchase a paywall bypass link for this article.
SYRACUSE — Hotels in Onondaga County were significantly fuller in January than in the year-prior month, while room revenue also jumped, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 8.2 percent to 41.9 percent in January, 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 10.1 percent to $38.82 in January.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 1.7 percent to $92.67 in January.