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 ?
The only exception was New Year's Eve, when occupancy levels reached 97.1 per cent, up from 1.9 per cent from the previous year, but the average daily rate still fell 2 per cent to Dh1,703.15.
For their salary during their rest day, they will be paid an 'additional 50 percent of their basic wage on the first eight hours of work.' [(daily rate x 150%) + COLA].
The average daily rate was down 4pc to $163.27 and the revenue per available room also fell 0.8pc to $106.04, STR said.
The statistics showed that the total quantities of crude oil exported abroad during 2015 stood at 308,135,672 barrels, a daily rate of 844,207 barrels.
Year to date average daily rates are $74.02 and with occupancies averaging 59.8, STR, formerly Smith Travel Research, reports.
The daily rate for a private nursing home room fell 13 percent, to $466.
A short-term rate surge in October had some shipowners and shipbrokers believing good times were returning, but the up-tick in daily rates seems to have been a temporary event.
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.
Muscat: Oman's total production of crude oil and condensates amounted in November 2012 to 28,005,278 barrels, a daily rate of 933,509 barrels, a rise by 0.75 per cent compared to October 2012.
The average daily rate for a hotel in the UAE was Dhs599.
Volume of exported crude, in June, reached approximately 23.3 million barrels, at a daily rate of some 777,483 barrels.
$655--Highest daily rate for private room in nursing home (Alaska).