BINGHAMTON, N.Y. — Broome County hotels registered a dip in guests in June compared to the year-ago month, while two other business indicators increased significantly.The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county edged down 0.9 percent to 66.8 percent in the sixth month of this year compared to June […]
BINGHAMTON, N.Y. — Broome County hotels registered a dip in guests in June compared to the year-ago month, while two other business indicators increased significantly.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county edged down 0.9 percent to 66.8 percent in the sixth month of this year compared to June 2022. Year to date through June, occupancy was down 1.8 percent to 56.2 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, increased 9.1 percent to $80.28 in June versus the year-prior month. Through the first six months of 2023, RevPar in Broome County was up 5 percent to $61.64.
Average daily rate (ADR), which represents the average rental rate for a sold room, jumped 10 percent to $120.17 in the county this June, compared to June 2022. During the six-month period to start this year, ADR increased 6.9 percent to $109.61.