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)
House of Representatives Passes $78 Billion Tax Package
On January 31, the House of Representatives overwhelmingly passed the Tax Relief for American Families and Workers Act of 2024, a tax package worth $78 billion. The bill was approved
National Labor Relations Board Bans “Captive Audience” Meetings
Since 1948, the National Labor Relations Board respected an employer’s right to hold mandatory paid employee meetings during company time so that its views about unionization could be directly communicated
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
