UTICA — Hotels in Oneida County were slightly fuller in August than in the year-ago month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 1.5 percent to 79.2 percent in August from 78 percent a year prior, according to STR, a Tennessee–based […]
UTICA — Hotels in Oneida County were slightly fuller in August than in the year-ago month, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 1.5 percent to 79.2 percent in August from 78 percent a year prior, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, the county’s occupancy was up 1.7 percent to 58.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 4.3 percent to $107.94 in August from $103.46 in August 2018. In the first eight months of 2019, Oneida County’s RevPar rose 2.6 percent to $68.48.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 2.7 percent to $136.30 in August from $132.63 a year earlier. Year to date, ADR in the county was up 0.9 percent to $116.34.