UTICA , N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 4 percent to 65.8 percent this September compared to the year-ago month, as the area hotel business rebounded from August’s decline. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Occupancy in […]
UTICA , N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 4 percent to 65.8 percent this September compared to the year-ago month, as the area hotel business rebounded from August’s decline.
That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Occupancy in the county had slipped 0.9 percent in August. Occupancy in the Mohawk Valley’s largest county is up 8.5 percent year to date to 60.4 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 13.9 percent to $93.57 in September, compared to September 2021. That’s much higher than August’s slight 0.9 percent year-over-year rise in this statistic. Through the first nine months of the year, RevPar has increased 22.7 percent to $79.83.
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 9.6 percent to $142.24 in Oneida County in the ninth month of the year. In August, ADR increased just 1.8 percent. So far in 2022, ADR is up 13.1 percent to $132.24.