SYRACUSE, N.Y. — Onondaga County hotels generated another increase in guests in August, but it was smaller then any other month so far this year. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 6.4 percent to 74.9 percent this August from the year-prior month, according to STR, a […]
SYRACUSE, N.Y. — Onondaga County hotels generated another increase in guests in August, but it was smaller then any other month so far this year.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 6.4 percent to 74.9 percent this August from the year-prior month, according to STR, a Tennessee–based hotel market data and analytics company. Occupancy has increased every month this year — with the gain ranging from August’s 6-percent plus to nearly 34 percent, posted in February. Year to date through eight months, hotel occupancy in the county was up almost 20 percent to 58.9 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 21.4 percent to $101.55 in Onondaga County in August from a year ago. Through the first eight months of 2022, RevPar soared almost 47 percent to $69.60.
Average daily rate (ADR), which represents the average rental rate for a sold room, moved up 14 percent to $135.59 in August from the same month in 2021. So far this year, ADR is up 22.7 percent to $118.24.
