BINGHAMTON, N.Y. — Broome County hotels saw a decline in guests in November compared to the year-prior month, while two other business indicators were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.9 percent to 53.9 percent in the 11th month of 2023 versus November 2022. Year […]
BINGHAMTON, N.Y. — Broome County hotels saw a decline in guests in November compared to the year-prior month, while two other business indicators were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.9 percent to 53.9 percent in the 11th month of 2023 versus November 2022. Year to date through November, occupancy was down 1.2 percent to 60 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, dipped 1.5 percent to $56.70 in November compared to the year-ago month. Through the first 11 months of 2023, RevPar in Broome County had gained 3.3 percent to $68.59.
Average daily rate (ADR), which represents the average rental rate for a sold room, edged up 1.4 percent to $105.12 in the county in November, versus the same month in 2022. Through Nov. 30, 2023, ADR was up 4.6 percent to $114.37.