UTICA — Hotels in Oneida County were fuller in May 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 4.8 percent to 58.2 percent in May from 55.6 percent a year ago, according to STR, a Tennessee–based hotel […]
UTICA — Hotels in Oneida County were fuller in May 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 4.8 percent to 58.2 percent in May from 55.6 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 percent to 49.6 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 7.4 percent to $65.96 in May from $61.41 in May 2018. In the first five months of 2019, Oneida County’s RevPar rose 1.8 percent to $52.04.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 2.5 percent to $113.36 in May from $110.55 a year prior. Year to date, ADR was up 0.8 percent to $104.94.
