SYRACUSE — Hotels in Onondaga County were substantially less full in April than in the year-ago month, according to a new report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county plunged 14.4 percent to 57.1 percent in April from 66.7 percent a year earlier, according to STR, a […]
SYRACUSE — Hotels in Onondaga County were substantially less full in April than in the year-ago month, according to a new report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county plunged 14.4 percent to 57.1 percent in April from 66.7 percent a year earlier, according to STR, a Tennessee–based hotel market data and analytics company. It was the seventh straight month in which Onondaga County’s occupancy rate declined compared to the year-earlier period.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, plummeted 16.4 percent to $56.33 in April from $67.42 in April 2018. The county’s RevPar had gained in both March and February.
Average daily rate (or ADR), which represents the average rental rate for a sold room, slipped 2.4 percent to $98.73 in April from $101.12 a year before. That snapped a 12-month streak in which Onondaga County’s ADR rose.