Home > Term: average room rate
average room rate
1) Mathematical average of a series of sleeping room rates. 2) The total sleeping room revenue for a given period's occupied rooms divided by the number of rooms occupied for the same period. In this instance the average is commonly referred to as a hotel's Average Daily Rate (ADR).
- Part of Speech: noun
- Industry/Domain: Convention
- Category: Conferences
- Company: CIC
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