SYRACUSE — Hotels in Onondaga County welcomed more guests in November than in the year-prior month, while room revenue also increased, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.7 percent to 51.3 percent in November, according to STR, a Tennessee–based hotel […]
SYRACUSE — Hotels in Onondaga County welcomed more guests in November than in the year-prior month, while room revenue also increased, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.7 percent to 51.3 percent in November, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, through November, hotel occupancy in the county was down 4 percent to 58.3 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 5.1 percent to $49.71 in November. Through the first 11 months of 2019, the county’s RevPar fell 3 percent to $60.69.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 2.3 percent to $96.85 in November. Year to date, Onondaga County’s ADR was up 1 percent to $104.13.
