SYRACUSE — Onondaga County hotels posted a small uptick in overnight guests in June, but saw larger increases 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 edged up 0.4 percent to 66.8 percent in the […]
SYRACUSE — Onondaga County hotels posted a small uptick in overnight guests in June, but saw larger increases 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 edged up 0.4 percent to 66.8 percent in the sixth month of 2024, compared to June 2023, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy is up 0.3 percent to 58.3 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, climbed 4.3 percent to $87.49 in Onondaga County in June from a year prior. Through the first six months of 2024, RevPar is up 4.1 percent to $74.84.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 3.8 percent to $130.93 in June versus the year-earlier month, STR reports. ADR is up 3.8 percent to $128.28 through the first half of this year.
