Categories: Sports, Entertainment & TourismSubscriber Only

Oneida County hotel occupancy rate falls nearly 9 percent in May

Hotels in Oneida County were significantly less full in May 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 8.6 percent to 51.9 percent in May from 56.8 percent in the year-ago month, according to STR, a Tennessee–based […]

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Hotels in Oneida County were significantly less full in May 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 8.6 percent to 51.9 percent in May from 56.8 percent in the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. It was the second straight monthly decrease for Oneida County’s occupancy rate. It fell 3.4 percent in April.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, fell 7.2 percent to $57.77 this May from $62.23 in May 2016. RevPar in the county also dropped two months in a row, per STR. It dipped 1.1 percent in April.

Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 1.6 percent to $111.22 in May, compared to $109.51 a year earlier.

Journal Staff