BINGHAMTON — Broome County hotels posted an average occupancy rate (rooms sold as a percentage of rooms available) of 29.2 percent in November, down 46.1 percent from a year prior, according to STR, a Tennessee–based hotel market data and analytics company. A continued resurgence in COVID-19 in the county and region has hampered the hospitality business. […]
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BINGHAMTON — Broome County hotels posted an average occupancy rate (rooms sold as a percentage of rooms available) of 29.2 percent in November, down 46.1 percent from a year prior, according to STR, a Tennessee–based hotel market data and analytics company.
A continued resurgence in COVID-19 in the county and region has hampered the hospitality business.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, was $21.54 in
November, down 54.7 percent from November 2019.
Average daily rate (or ADR), which represents the average rental rate for a sold room, hit $73.73 in November, off 16 percent from the year-ago month.