SYRACUSE, N.Y. — Onondaga County hotels registered a drop in occupancy in September, while two other benchmarks of business performance improved. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 3.9 percent to 66.3 percent in the ninth month of this year compared to September 2022, according to STR, […]
SYRACUSE, N.Y. — Onondaga County hotels registered a drop in occupancy in September, while two other benchmarks of business performance improved.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county fell 3.9 percent to 66.3 percent in the ninth month of this year compared to September 2022, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, occupancy was up 3.7 percent to 62.2 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, went up an even 3 percent to $91.63 in Onondaga County in September from a year ago. In the first nine months of 2023, RevPar was 11.9 percent higher to $80.81.
Average daily rate (or ADR), which represents the average rental rate for a sold room, rose 7.2 percent to $138.29 in September versus the year-prior month. For the period between Jan. 1 and September 30 of this year, ADR was up 7.9 percent to $130.02, compared to the same period in 2022.