Categories: Sports, Entertainment & TourismSubscriber Only

Broome County hotel occupancy rate falls almost 2 percent in June

BINGHAMTON — Hotels in Broome County were less full in June than in the year-earlier month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county slipped 1.7 percent to 65.3 percent in June from 66.5 percent a year ago according to STR, a Tennessee–based […]

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BINGHAMTON — Hotels in Broome County were less full in June than in the year-earlier month, according to a recent report.

The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county slipped 1.7 percent to 65.3 percent in June from 66.5 percent a year ago according to STR, a Tennessee–based hotel market data and analytics company. Year to date, the county’s occupancy rate was up 1.6 percent to 55.6 percent.

Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 2 percent to $60.18 in June from $61.39 in June 2018. Through the first six months of the year, the county’s RevPar was up 2.9 percent to $50.50.

Average daily rate (or ADR), which represents the average rental rate for a sold room, dipped 0.3 percent to $92.14 in June from $92.37 a year prior. Year to date, Broome County’s ADR was up 1.3 percent to $90.88.

Journal Staff