SYRACUSE — Hotels in Onondaga County welcomes slightly fewer guests in December compared to 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 1 percent to 39.3 percent in December from 39.7 percent a year earlier, according to STR, a […]
SYRACUSE — Hotels in Onondaga County welcomes slightly fewer guests in December compared to 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 1 percent to 39.3 percent in December from 39.7 percent a year earlier, according to STR, a Tennessee–based hotel market data and analytics company. For the full-year 2018, occupancy was up 4.9 percent to 58.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 0.5 percent to $35.09 in December from $34.92 in December 2017. For all of 2018, Onondaga County’s RevPar rose 6.6 percent to $60.29.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up 1.5 percent to $89.18 in December, compared to $87.87 a year ago. For the entire year, Onondaga County’s ADR increased 1.6 percent to $102.33, according to STR.
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SYRACUSE — Hotels in Onondaga County welcomes slightly fewer guests in December compared to 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 1 percent to 39.3 percent in December from 39.7 percent a year earlier, according to STR, a Tennessee–based hotel market data and analytics company. For the full-year 2018, occupancy was up 4.9 percent to 58.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 0.5 percent to $35.09 in December from $34.92 in December 2017. For all of 2018, Onondaga County’s RevPar rose 6.6 percent to $60.29.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up 1.5 percent to $89.18 in December, compared to $87.87 a year ago. For the entire year, Onondaga County’s ADR increased 1.6 percent to $102.33, according to STR.
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SYRACUSE — Hotels in Onondaga County welcomes slightly fewer guests in December compared to 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 1 percent to 39.3 percent in December from 39.7 percent a year earlier, according to STR, a […]
SYRACUSE — Hotels in Onondaga County welcomes slightly fewer guests in December compared to 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 1 percent to 39.3 percent in December from 39.7 percent a year earlier, according to STR, a Tennessee–based hotel market data and analytics company. For the full-year 2018, occupancy was up 4.9 percent to 58.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 0.5 percent to $35.09 in December from $34.92 in December 2017. For all of 2018, Onondaga County’s RevPar rose 6.6 percent to $60.29.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up 1.5 percent to $89.18 in December, compared to $87.87 a year ago. For the entire year, Onondaga County’s ADR increased 1.6 percent to $102.33, according to STR.
