UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) declined 9.1 percent to 56.6 percent in April from the year-ago month. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through April, occupancy inched up 0.1 percent to 51.7 percent. […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) declined 9.1 percent to 56.6 percent in April from the year-ago month.
That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through April, occupancy inched up 0.1 percent to 51.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 6.5 percent to $67.87 this April in the Mohawk Valley’s largest county, compared to April 2022. Through the first four months of this year, RevPar increased 11 percent to $62.19.
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 2.8 percent to $119.99 in Oneida County in the fourth month of 2023, compared to the same month a year before. Year to date, ADR is up 10.9 percent to $120.35.