SYRACUSE — Onondaga County hotels registered a decline in overnight guests in May, but saw improvements in two other key benchmarks of business performance in the month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county dipped 1.4 percent to 62.9 percent in the fifth month of […]
SYRACUSE — Onondaga County hotels registered a decline in overnight guests in May, but saw improvements in two other key benchmarks of business performance in the month.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county dipped 1.4 percent to 62.9 percent in the fifth month of 2024, compared to May 2023, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy is up 0.4 percent to 56.7 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, climbed 2.1 percent to $95.41 in Onondaga County in May from a year ago. Through the first five months of 2024, RevPar is up 4.3 percent to $72.41.
Average daily rate (or ADR), which represents the average rental rate for a sold room, went up 3.6 percent to $151.77 in May versus the year-earlier month, STR reports. ADR is up 3.8 percent to $127.68 year to date.
