SYRACUSE, N.Y. — Onondaga County hotels again produced solid growth in business activity in March, according to a recent report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 8 percent to 58.9 percent in the third month of the year compared to March 2022, according to STR, a […]
SYRACUSE, N.Y. — Onondaga County hotels again produced solid growth in business activity in March, according to a recent report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 8 percent to 58.9 percent in the third month of the year compared to March 2022, according to 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, jumped 19.7 percent to $69.70 in Onondaga County in March from a year before.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 10.8 percent to $118.42 in March compared to March 2022.
