SYRACUSE — Hotels in Onondaga County were fuller in October than in the year-ago month, while room revenue also increased, according to a new report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 4.6 percent to 66.1 percent in October, according to STR, a Tennessee–based hotel market […]
SYRACUSE — Hotels in Onondaga County were fuller in October than in the year-ago month, while room revenue also increased, according to a new report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 4.6 percent to 66.1 percent in October, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, through October, hotel occupancy in the county was down 4.5 percent to 59 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, gained 4.1 percent to $72.36 in October. Through the first 10 months of 2019, the county’s RevPar fell 3.6 percent to $61.77.
Average daily rate (or ADR), which represents the average rental rate for a sold room, dipped 0.5 percent to $109.53 in October. Year to date, Onondaga County’s ADR was up 1 percent to $104.75.