UTICA — Oneida County hotels had a mixed month in February, posting a decline in hotel occupancy, while registering increases in two other key indicators of business activity. The hotel-occupancy rate (rooms sold as a percentage of rooms available) slipped 3.9 percent to 47.6 percent in February from the year-earlier month, according to a report […]
UTICA — Oneida County hotels had a mixed month in February, posting a decline in hotel occupancy, while registering increases in two other key indicators of business activity.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) slipped 3.9 percent to 47.6 percent in February from the year-earlier month, according to a report from 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, inched up 0.5 percent to $60.51 this past February in the Mohawk Valley’s largest county versus February 2023.
Average daily rate (ADR), which represents the average rental rate for a sold room, jumped 4.6 percent to $127.04 in Oneida County in the second month of 2024, compared to the same month a year before.
