UTICA, N.Y. — Oneida County hotels posted an occupancy rate (rooms sold as a percentage of rooms available) of 51.1 percent in September, down 24.5 percent from a year prior, suppressed by the COVID-19 crisis, according to STR, a Tennessee–based hotel market data and analytics company. Still, it was the smallest year-over-year decline in occupancy […]
UTICA, N.Y. — Oneida County hotels posted an occupancy rate (rooms sold as a percentage of rooms available) of 51.1 percent in September, down 24.5 percent from a year prior, suppressed by the COVID-19 crisis, according to STR, a Tennessee–based hotel market data and analytics company. Still, it was the smallest year-over-year decline in occupancy in the county since the pandemic started.
Year to date, hotel occupancy in the county is down more than 30 percent to 41.6 percent.
Oneida County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room fell 33.5 percent to $54.05 in September compared to a year ago. That’s a slightly larger percentage decline than August’s nearly 32 percent year-over-year drop. Through the first nine months of the year, RevPar was down 37.3 percent to $43.75.
Average daily rate (or ADR), which represents the average rental rate for a sold room, was $105.72, off 11.9 percent from September 2019. Year to date, ADR is down 9.9 percent.
