BINGHAMTON, N.Y. — Broome County hotels posted an increase in guests in September compared to the year-earlier month, while two other business indicators were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.9 percent to 65.4 percent in the ninth month of 2023 versus September 2022. Year […]
BINGHAMTON, N.Y. — Broome County hotels posted an increase in guests in September compared to the year-earlier month, while two other business indicators were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.9 percent to 65.4 percent in the ninth month of 2023 versus September 2022. Year to date through September, occupancy was down 1.4 percent to 60.1 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, increased 2.5 percent to $75.80 in September compared to the year-ago month. Through the first nine months of this year, RevPar in Broome County was up 3.5 percent to $68.76.
Average daily rate (ADR), which represents the average rental rate for a sold room, slipped 0.4 percent to $115.89 in the county this September, versus the same month in 2022. So far this year through Sept. 30, ADR was up 4.9 percent to $114.45.