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Broome County hotel occupancy rate nearly unchanged in January

BINGHAMTON — The hotel occupancy rate (rooms sold as a percentage of rooms available) in Broome County dipped 0.1 percent to 40.5 percent in January from 40.6 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. That broke a string of three straight months of occupancy-rate increases in […]

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Revenue per available room (RevPAR), a key industry indicator that measures how much money hotels are bringing in per available room, slipped 0.2 percent to $32.64 in January from $32.69 in January 2018. Broome County’s RevPAR had increased for 17 months in a row before this slight decline.

Average daily rate (or ADR), which represents the average rental rate for a sold room, dropped 0.1 percent to $80.51 in January from $80.56 a year prior, per STR.

Journal Staff