UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) dipped 0.9 percent to 73.5 percent this August compared to the year-prior month, just the second decline in this measure in 18 months. That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Despite […]
UTICA, N.Y. — Oneida County’s hotel-occupancy rate (rooms sold as a percentage of rooms available) dipped 0.9 percent to 73.5 percent this August compared to the year-prior month, just the second decline in this measure in 18 months.
That’s according to a recent report from STR, a Tennessee–based hotel market data and analytics company. Despite the latest month’s fall, occupancy in the Mohawk Valley’s largest county is up 9.2 percent year to date to 59.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 0.9 percent to $109.55 in August, compared to August 2021. Through the first eight months of this year, RevPar has risen 24.2 percent to $78.13.
Average daily rate (ADR), which represents the average rental rate for a sold room, went up 1.8 percent to $149.15 in Oneida County in the eighth month of the year. So far in 2022, ADR is up 13.8 percent to $130.88.