SYRACUSE — Hotels in Onondaga County were fuller in December than in the year-ago month, while room revenue also rose, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 2.5 percent to 40.3 percent in December, according to STR, a Tennessee–based hotel market […]
SYRACUSE — Hotels in Onondaga County were fuller in December than in the year-ago month, while room revenue also rose, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county increased 2.5 percent to 40.3 percent in December, according to STR, a Tennessee–based hotel market data and analytics company. For all of 2019, hotel occupancy in the county fell 3.6 percent to 56.7 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, rose 3.6 percent to $36.32 in December. For the full year, the county’s RevPar declined 2.6 percent to $58.61.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 1.1 percent to $90.11 in December. In 2019, Onondaga County’s ADR was up 1 percent to $103.29.
