BINGHAMTON, N.Y. — Broome County hotels welcomed fewer guests in April than the year-earlier month, while two other business indicators were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 5.8 percent to 60.3 percent in the fourth month of this year compared to April 2022. Revenue per […]
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BINGHAMTON, N.Y. — Broome County hotels welcomed fewer guests in April than the year-earlier month, while two other business indicators were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 5.8 percent to 60.3 percent in the fourth month of this year compared to April 2022.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, declined 4.7 percent to $63.36 in April versus the year-ago month.
Average daily rate (ADR), which represents the average rental rate for a sold room, edged up 1.2 percent to $105.05 in the county in April, compared to April 2022.