GITNUX MARKETDATA REPORT 2024

Statistics About The Average Daily Rate Formula

The Average Daily Rate formula is used to calculate the average price of a hotel room per night, typically including discounts, upgrades, and additional fees.

Statistic 1

"The Average Daily Rate formula (ADR) is a measure of the average rental revenue earned for an occupied room per day."

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Statistic 2

"The ADR formula is derived by dividing the total room revenue by the number of rooms sold."

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Statistic 3

"In the US, the hotel industry's ADR was 113.37 U.S. dollars in 2019."

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Statistic 4

"In 2020 due to Covid-19, the hotel industry's ADR fell to $103.25, the lowest in the past decade."

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Statistic 5

"ADR, along with RevPAR (revenue per available room) and occupancy, are the three main indicators of hotel performance."

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Statistic 6

"High ADR does not always mean maximum profitability, in fact, it can lead to low occupancy."

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"Generally, luxury or upscale hotels tend to have a higher ADR than economy or midscale hotels."

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"New York City had the highest ADR among the U.S cities at $261 in 2019."

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Statistic 9

"According to a survey, 78% of hoteliers consider ADR extremely important when evaluating their performance."

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Statistic 10

"Seasonal factors like holidays can drastically affect the ADR."

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Statistic 11

"External factors like the economy and increased competition can also influence ADR."

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Statistic 12

"By improving service quality, hotels can potentially increase their ADR."

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Statistic 13

"During 2019, Europe showed the highest ADR globally of 116.4 U.S. dollars."

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Statistic 14

"According to a report by eZee Absolute, the lengthier the guest's stay, the lower ADR tends to be."

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Statistic 15

"In 2020, ADR of U.S. hotels went down by 21.3% due to the implications of the Covid-19 pandemic."

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Statistic 16

"For Airbnb hosts, ADR is often referred to as "nightly price", with the understanding that cleaning fees, service fees, and taxes aren't included in the calculation."

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Statistic 17

"According to a report by Revfine, dynamic pricing strategies can significantly influence the ADR, with adjustments made based on demand and time."

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