SYRACUSE, N.Y. — Onondaga County hotels saw an influx of guests in June, continuing a run of business gains this year as the industry rebounds. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 25.5 percent to 65.1 percent this June from the year-ago month, according to STR, a […]
SYRACUSE, N.Y. — Onondaga County hotels saw an influx of guests in June, continuing a run of business gains this year as the industry rebounds.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 25.5 percent to 65.1 percent this June from the year-ago month, according to STR, a Tennessee–based hotel market data and analytics company. Occupancy has increased every month this year — with the gain ranging from almost 18 percent to nearly 34 percent. Year to date through June, hotel occupancy in the county was up almost 26 percent to 54.6 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, soared 60 percent to $79.14 in Onondaga County in June from a year prior. Through the first six months of 2022, RevPar increased 62 percent to $61.77.
Average daily rate (ADR), which represents the average rental rate for a sold room, moved up 27.5 percent to $121.55 in June from the same month in 2021. So far this year, ADR is up 28.7 percent to $113.13.