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Onondaga County hotels post nearly 23% occupancy rise so far in 2022

SYRACUSE, N.Y. — Onondaga County hotels hosted substantially more guests in the first seven months of 2022 as the hospitality and travel and leisure industries fully rebounded from the COVID-19 pandemic, according to a recent report. The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 22.7 percent to 56.5 percent year […]

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The county’s hotel-occupancy rate (rooms sold as a percentage of rooms available) jumped 22.7 percent to 56.5 percent year to date through July, compared to the same period in 2021.That’s according to a report from STR, a Tennessee–based hotel market data and analytics company.

Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, soared more than 54 percent to $64.98 year to date, through July of this year. RevPar rose more than 50 percent in six of the first seven individual months.

Average daily rate (or ADR), which represents the average rental rate for a sold room, went up nearly 26 percent to $114.96 through the first seven months of 2022. Only July (at 17.3 percent) saw an ADR increase of less than 25 percent among the individual months.

Jornal Staff