UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 15.2 percent to 60.9 percent in May from the same month in 2021. That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Through the first five months of the year, occupancy in […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) rose 15.2 percent to 60.9 percent in May from the same month in 2021.
That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Through the first five months of the year, occupancy in the Mohawk Valley’s largest county is up 16 percent to 53.3 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 43.9 percent to $79 in the fifth month of this year, compared to May 2021. Year to date, RevPar has increased 40.1 percent to $62.84.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 24.9 percent to $129.69 in Oneida County in May. So far in 2022, ADR is up 20.8 percent to $117.86.