Average Daily Rate


Also found in: Acronyms, Encyclopedia, Wikipedia.

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 ?
Average daily rates were down by two per cent while revenue per available room waned by 4.4 per cent, according to the latest numbers crunched by hotel industry consultant STR Global.
"Thus we see that late-cycle nominal changes in hotels' average daily rate historically have well exceeded inflation," he said.
During the forecast period, occupancy rates at hotels and serviced apartments are anticipated to grow by 3 percentage points to 70% and average daily rate is likely to increase at a 1.4% annualised rate during the period.
However, there was a 8.2pc fall in average daily rate (ADR) to BD58.71 and a 0.2pc growth in revenue per available room (RevPAR) to BD28.86.
The average daily rate for the trading value was RO6.43 million compared to RO3.20 million in the previous month.
In the report, PKF-HR noted a 1.0% increase in occupancy and a 5.6% increase in Average Daily Rate (ADR).
Average Daily Rate for hotels is up both internationally and domestically compared to last year.
It revealed that the 2012 year-to-date data for the hotels across the broader Middle East and Africa (MEA) region, however, showed a 9.4 per cent occupancy increase to 60.6 per cent, a 1.5 per cent ADR (average daily rate) decrease to $162.37, and a 7.7 per cent rise in RevPAR (revenue per available room) to $98.38, over the same period last year.
Andy Washington, Expedia UK managing director, said, 'A number of rooms have been released by LOCOG, so the average daily rate of a hotel room has been coming down.
The company is selling the asset as part of an ongoing portfolio transformation to recycle its capital into higher growth urban gateway markets and the resulting portfolio is expected to have better operating metrics, higher Average Daily Rate, Hotel EBITDA margins and a lower average age.
rate for up to 60 percent, while average daily rate fell by one point to USD
The average daily rate in Dublin hotels fell 7.7% from EUR85 to EUR79 last year.

Full browser ?