SYRACUSE — Hotels in Onondaga County had significantly more vacant rooms in February than in the year-ago month, as the COVID-19 pandemic continued to hurt the hospitality business, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 22.5 percent to 37.5 percent in […]
SYRACUSE — Hotels in Onondaga County had significantly more vacant rooms in February than in the year-ago month, as the COVID-19 pandemic continued to hurt the hospitality business, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county fell 22.5 percent to 37.5 percent in February compared to the year-prior period, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, plunged 37.5 percent to $29.58 in February from February 2020.
Average daily rate (or ADR), which represents the average rental rate for a sold room, dipped 19.4 percent to $78.92 in February from the same month last year.
This report is the last month in which the year-over-year comparison will be to a month before the pandemic hit. Starting with the March STR hotel reports, the comparisons will be to months also affected significantly by the COVID crisis.
