SYRACUSE, N.Y. — Onondaga County hotels served more guests in the fifth month of this year than they did in May 2021, continuing a streak of business gains this year as the industry bounces back. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 17.5 percent to 59.5 percent […]
SYRACUSE, N.Y. — Onondaga County hotels served more guests in the fifth month of this year than they did in May 2021, continuing a streak of business gains this year as the industry bounces back.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 17.5 percent to 59.5 percent this May from the year-prior month, according to STR, a Tennessee–based hotel market data and analytics company. Occupancy has risen every month this year, but May’s increase was the smallest — the rise in each of the first four months of 2022 ranged from 26 percent to nearly 34 percent. Year to date through May, hotel occupancy in the county was up almost 26 percent to 52.5 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 50.5 percent to $78.33 in Onondaga County in May from a year earlier. Through the first five months of 2022, RevPar increased 62.5 percent to $58.29.
Average daily rate (or ADR), which represents the average rental rate for a sold room, climbed 28.1 percent to $131.57 in May from May 2021. So far this year, ADR is up 29 percent to $111.05.
