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Onondaga County hotels post nearly 18 percent occupancy increase in October

SYRACUSE, N.Y. — Onondaga County hotels welcomed substantially more guests in October than in the year-ago month. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 17.6 percent to 68.3 percent this October from the year-earlier month, according to STR, a Tennessee–based hotel-market data and analytics company. The October […]

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SYRACUSE, N.Y. — Onondaga County hotels welcomed substantially more guests in October than in the year-ago month.

The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 17.6 percent to 68.3 percent this October from the year-earlier month, according to STR, a Tennessee–based hotel-market data and analytics company. The October gain in this measure was the highest since the more than 25 percent rise seen in June. Year to date, hotel occupancy in the county was up 18.8 percent to 60.8 percent.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 37 percent to $94.78 in Onondaga County in the latest month compared to October 2021.

Average daily rate (ADR), which represents the average rental rate for a sold room, moved higher by 16.6 percent to $138.83 in October from the same month in 2021. So far this year, ADR is up 20.4 percent to $121.66.

Jornal Staff