UTICA — Hotels in Oneida County were less full in January 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 declined 3.6 percent to 38.8 percent in January from 40.2 percent in the year-ago month, according to STR, a […]
UTICA — Hotels in Oneida County were less full in January 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 declined 3.6 percent to 38.8 percent in January from 40.2 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. That broke a string of 10 straight months of occupancy-rate increases in the county.
Revenue per available room (RevPAR), a key industry indicator that measures how much money hotels are bringing in per available room, fell 2 percent to $39.04 in January from $39.86 in January 2018. Oneida County’s RevPAR had increased for 10 months in a row before this decline.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 1.6 percent to $100.70 in January from $99.12 a year prior, per STR.
