SYRACUSE, N.Y. — Onondaga County hotels welcomed more guests in the third month of 2022 than they did in March 2021 as the travel and leisure business continued to rebound, according to a new report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 26 percent to 54.4 percent […]
SYRACUSE, N.Y. — Onondaga County hotels welcomed more guests in the third month of 2022 than they did in March 2021 as the travel and leisure business continued to rebound, according to a new report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 26 percent to 54.4 percent this March from the year-prior month, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, hotel occupancy was up nearly 30 percent to just over 48 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, soared 65.9 percent to $57.68 in Onondaga County in March from a year earlier. Through the first three months of 2022, RevPar has increased 69 percent to $49.35.
Average daily rate (or ADR), which represents the average rental rate for a sold room, climbed 31.7 percent to $106.06 in March from the year-ago month. So far this year, ADR is up more than 30 percent to $102.56.