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Average daily rate. Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry. The number represents the average rental income per paid occupied room in a given time period. ADR along with the property's occupancy are the foundations for the property's financial performance.
RevPAR, or revenue per available room, is a performance metric in the hotel industry that is calculated by dividing a hotel's total guestroom revenue by the room count and the number of days in the period being measured. [1][2] A few data broker companies compile RevPAR information across markets via voluntary survey and provide compiled ...
Taxation. A hotel tax or lodging tax is charged in most of the United States, to travelers when they rent accommodations (a room, rooms, entire home, or other living space) in a hotel, inn, tourist home or house, motel, or other lodging, generally unless the stay is for a period of 30 days or more. In addition to sales tax, it is collected when ...
Adjusted RevPAR. Adjusted RevPAR (or ARPAR, adjusted revenue per available room), is a performance metric used in the hospitality industry. It is calculated by dividing the variable net revenues of a property by the total available rooms (see more formulas below). [1]
STR reported that Hawaii island’s May occupancy increased to 63.7 %, a 2.1 % increase from May 2023. Hawaii island’s May ADR fell 3 % to $362 ; RevPAR dropped 1 % year over year to nearly $231 ...
GOPPAR. GOPPAR is the abbreviation for gross operating profit per available room, a key performance indicator for the hotel industry. It gives greater insight in the actual performance of a hotel than the most commonly used RevPAR as it not only considers revenues generated, but also factors in operational costs related with such revenues. [1][2]
Revenue management. Revenue management is a discipline to maximize profit by optimizing rate (ADR) and occupancy (Occ). In its day to day application the maximization of RevPAR (Revenue per Available Room) is paramount. For destinations with benchmark data available the maximization of RGI (Revenue Generated Index or RevPar Index) is the focus ...
Modern hotels fill daytime occupancy by offering day rooms. Day rooms are booked in a block of hours typically between 8 am and 5 pm, [7] before the typical night shift. For example, the Four Points, a Sheraton hotel in Los Angeles, began offering day rooms. [7] Also, the Rodeway Inn and Suites near Port Everglades in Fort Lauderdale, Florida ...
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