BINGHAMTON — Hotels in Broome County were slightly less full in February than in the year-ago month, according to a recent report. The data was from the last full month before the coronavirus pandemic essentially shut down the hospitality industry across the state and much of the nation, starting in mid-March. The hotel occupancy rate […]
BINGHAMTON — Hotels in Broome County were slightly less full in February than in the year-ago month, according to a recent report.
The data was from the last full month before the coronavirus pandemic essentially shut down the hospitality industry across the state and much of the nation, starting in mid-March.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county slipped 0.9 percent to 48.5 percent in February, according to STR, a Tennessee–based hotel market data and analytics company.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 2.1 percent to $40.40.
Average daily rate (or ADR), which represents the average rental rate for a sold room, was up 3.1 percent to $83.38 in February.