UTICA , N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 1.1 percent to 44.3 percent in December from the year-prior month. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Occupancy in the Mohawk Valley’s largest county was up 6.9 percent to […]
UTICA , N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 1.1 percent to 44.3 percent in December from the year-prior month.
That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Occupancy in the Mohawk Valley’s largest county was up 6.9 percent to 58.6 percent for all of 2022.
Revenue per available room (RevPar), an important industry gauge that measures how much money hotels are bringing in per available room, jumped 12.4 percent to $55.93 in December, compared to December 2021. For the full year, RevPar was up an even 20 percent to $77.18.
Average daily rate (ADR), which represents the average rental rate for a sold room, rose 11.2 percent to $126.26 in Oneida County in the last month of 2022. For the entire 2022 year, ADR gained 12.3 percent to $131.75.
