UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) increased 3.3 percent to 68.5 percent in October from the year-ago month. That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through October, occupancy was up 1.7 percent to 62.5 percent. […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) increased 3.3 percent to 68.5 percent in October from the year-ago month.
That’s according to a recent report from STR, a Tennessee–based hotel-market data and analytics company. Year to date through October, occupancy was up 1.7 percent to 62.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 10.8 percent to $98.36 this October in the Mohawk Valley’s largest county, compared to October 2022. Through the first 10 months of the year, RevPar was up 7.6 percent to $84.50.
Average daily rate (ADR), which represents the average rental rate for a sold room, went up 7.3 percent to $143.56 in Oneida County in the 10th month of 2023, versus the same month a year prior. Year to date, ADR was higher by 5.8 percent to $135.15.
