SYRACUSE, N.Y. — Onondaga County hotels again produced growth in business activity in April, according to a recent report. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 3.6 percent to 60.3 percent in the fourth month of the year compared to April 2022, according to STR, a Tennessee–based […]
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SYRACUSE, N.Y. — Onondaga County hotels again produced growth in business activity in April, according to a recent report.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county increased 3.6 percent to 60.3 percent in the fourth month of the year compared to April 2022, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, jumped 15 percent to $74.54 in Onondaga County in April from a year ago.
Average daily rate (or ADR), which represents the average rental rate for a sold room, increased 11 percent to $123.67 in April compared to April 2022.