SYRACUSE — Onondaga County hotels were largely barren in April, as the coronavirus shutdown of much of business, travel, and leisure took a toll. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county tumbled 67.5 percent to 18.5 percent in April, from 57 percent in the year-prior month, according […]
SYRACUSE — Onondaga County hotels were largely barren in April, as the coronavirus shutdown of much of business, travel, and leisure took a toll.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county tumbled 67.5 percent to 18.5 percent in April, from 57 percent in the year-prior month, according to STR, a Tennessee–based hotel-market data and analytics company. April’s decline was worse than the nearly 41 percent drop in occupancy in March to 31 percent, likely because the COVID-19 shutdowns didn’t take full effect here until the second half of March.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, plunged 78.4 percent to $12.09 in April. That was worse than the more than 47 percent decline in RevPar in March to $26.53.
Average daily rate (or ADR), which represents the average rental rate for a sold room, declined 33.7 percent to $65.42 in April. That followed an 11 percent drop in ADR in March to $85.62.