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Oneida County hotel occupancy rate rises more than 7 percent in July

UTICA — Hotels in Oneida County welcomed substantially more guests in July than in the year-prior month, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 7.1 percent to 76.7 percent in July from 71.6 percent a year ago, according to STR, a […]

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UTICA — Hotels in Oneida County welcomed substantially more guests in July than in the year-prior month, according to a recent report.

The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 7.1 percent to 76.7 percent in July from 71.6 percent a year ago, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, the county’s occupancy was up 1.8 percent to 55.9 percent.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, climbed 8 percent to $101.82 in July from $94.25 in July 2018. In the first seven months of 2019, Oneida County’s RevPar rose 2.2 percent to $62.71.

Average daily rate (or ADR), which represents the average rental rate for a sold room, edged up 0.9 percent to $132.73 in July from $131.61 a year prior. Year to date, ADR was up 0.4 percent to $112.20.

Journal Staff