SYRACUSE — Onondaga County hotels posted a decline in guests in February, as two other key benchmarks of business performance were mixed. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county slipped 2.9 percent to 51.3 percent in the second month of this year, compared to February […]
SYRACUSE — Onondaga County hotels posted a decline in guests in February, as two other key benchmarks of business performance were mixed.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in Central New York’s largest county slipped 2.9 percent to 51.3 percent in the second month of this year, compared to February 2023, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, was off 0.1 percent to $59.19 in Onondaga County in February from a year earlier.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 2.9 percent to $115.33 in February versus the year-ago month.
