Average Daily Rate

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Average Daily Rate

The amount that a hotel or motel charges for a room each night on average over a period of time. The average daily rate is calculated by adding the amount charged each day over a period and dividing by the number of days in that period. See also: Revenue per Available Room.
References in periodicals archive ?
As industry occupancy peaks, average daily rate growth is expected to become more meaningful, as the effects of the recent rise in the value of the US Dollar wane, giving operators more pricing power, especially in certain gateway markets.
A[cedilla] For work done during the special (non-working) day, he shall be paid an additional 30 percent of his daily rate on the first eight hours of work.
South Korea promised to cut its Iranian oil imports by 15 per cent from the daily rate seen from December 2012 to May 2013, two sources told Reuters last month.
Tourism chiefs may want more hotels for the UAE - but figures released on Sunday showed hotel occupancy, average daily rates and revenues all dipped in September compared to the same month in 2011.
The discount to the Green Lot follows the move by the airport to drop the daily rates in the Blue Deck to USD10 from USD16.
After that, it will be contracted with shipping company CSAV Valparaiso for about 24 months at a daily rate of $20,000.
In the United States, Canada and the Caribbean, guests receive up to 29% off the Hyatt Daily Rate.
The daily rate of imported crude oil reached almost 234,000 barrels.
813 million barrels while the daily rate reached 229,246 barrels, compared to 249,483 barrels for the same period last year.
One of the two blocks subject to the deal is already producing crude oil at a daily rate of 20,000 barrels and is expected to boost daily output to some 50,000 barrels by 2009, Teikoku Oil said.
occupancy, average daily rate and revenue per available room rose during the week of Sept.
If you want to rent a car for a week, opting for a daily rate might not be your best bet.