SYRACUSE — Onondaga County hotels generated another substantial increase in guests in September, bouncing back from more tepid gains seen in the previous two months. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 14.7 percent to 69 percent this September from the year-prior month, according to STR, a […]
SYRACUSE — Onondaga County hotels generated another substantial increase in guests in September, bouncing back from more tepid gains seen in the previous two months.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 14.7 percent to 69 percent this September from the year-prior month, according to STR, a Tennessee–based hotel-market data and analytics company. The September gain in this measure was much higher than the 6.4 percent and 9.6 percent occupancy increases posted in August and July, respectively. Year to date through nine months, hotel occupancy in the county was up 19 percent to 60 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 29.1 percent to $88.38 in Onondaga County in September from a year earlier. Through the first nine months of 2022, RevPar soared more than 44 percent to $71.64.
Average daily rate (ADR), which represents the average rental rate for a sold room, moved higher by 12.6 percent to $128.11 in September from the same month in 2021. So far this year, ADR is up 21.1 percent to $119.48.