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Broome County hotel occupancy rises nearly 6 percent

BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in September than the year-prior month, but the increase was below most of the gains seen earlier this year. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 5.9 percent to 64.4 percent in September, according to STR, a […]

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BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in September than the year-prior month, but the increase was below most of the gains seen earlier this year.

The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 5.9 percent to 64.4 percent in September, according to STR, a Tennessee–based hotel market data and analytics company. It was the second-smallest year-over-year occupancy increase so far in 2022, as the occupancy gains in the prior eight months ranged from July’s low of 3.7 percent to more than 45 percent, seen in January. Year to date, occupancy is up 18.2 percent to 61.9 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, jumped 18.9 percent to $74.07 in September compared to the year-prior month. Through the first nine months of the year, RevPar leaped 39.4 percent to $66.77.

Jornal Staff