UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) fell 3 percent to 69.5 percent this July compared to the year-ago month, the first decline in this measure in 17 months. That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Despite the […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) fell 3 percent to 69.5 percent this July compared to the year-ago month, the first decline in this measure in 17 months.
That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Despite the latest month’s drop, occupancy in the Mohawk Valley’s largest county is up 11.3 percent year to date to 57.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 9.5 percent to $107.34 in July, compared to July 2021. Through the first seven months of this year, RevPar has jumped 31 percent to $73.54.
Average daily rate (ADR), which represents the average rental rate for a sold room, went up 12.9 percent to $154.53 in Oneida County in the seventh month of the year. So far in 2022, ADR is up 17.6 percent to $127.48.