Hotels in Oneida County again welcomed fewer guests in November compared to a year ago, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 2.4 percent to 47.3 percent in November from 48.5 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. Oneida County’s occupancy rate has now declined eight months in a row.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, slipped 2.8 percent to $46.92 in November from $48.26 in November 2016. Oneida County’s RevPar has also decreased in eight straight months.
(Sponsored)

What Distressed Property Owners Might Expect From the IRS
The commercial real estate market has been rough for some time, and the residential market has seen wild fluctuations. Inflation, high interest rates and decreased demand for office space have

What Is Governance, Risk Management, and Compliance (GRC)?
As cyber threats grow in numbers and severity, regulatory bodies are developing new cybersecurity frameworks for businesses to adhere to. These frameworks vary by industry, and a new type of
Average daily rate (or ADR), which represents the average rental rate for a sold room, edged down 0.4 percent to $99.18 in November from $99.54 a year earlier. ADR in the county has declined in four of the last five months.
Contact the Business Journal News Network at news@cnybj.com