UTICA — Oneida County hotels had a mixed month of business performance in December, as measured by three key benchmarks. The hotel-occupancy rate (rooms sold as a percentage of rooms available) edged down 0.9 percent to 43.9 percent in the final month of 2024 compared to the year-prior month, according to a report from STR, […]
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UTICA — Oneida County hotels had a mixed month of business performance in December, as measured by three key benchmarks.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) edged down 0.9 percent to 43.9 percent in the final month of 2024 compared to the year-prior month, according to a report from STR, a Tennessee–based hotel-market data and analytics company. For the full year, occupancy was off 0.1 to 60.4 percent.
Revenue per available room (RevPar), an important industry gauge that measures how much money hotels are bringing in per available room, rose 1.9 percent to $53.96 in December 2024 in the Mohawk Valley’s largest county versus December 2023. For all of 2024, RevPar gained 5.6 percent to $85.42.
Average daily rate (ADR), which represents the average rental rate for a sold room, increased 2.9 percent to $122.90 in Oneida County in December 2024, compared to the same month a year earlier. For the entire year, ADR went up 5.7 percent to $141.51.