daily rate

(redirected from Average daily rate)
Also found in: Financial, Acronyms, Wikipedia.

daily rate

[¦dā·lē ‚rāt]
(horology)
References in periodicals archive ?
While there are markets to keep an eye on, most notably New York City; overall, the positive demand-supply balance the industry has experienced is expected to give the operating community confidence to continue to drive average daily rate increases.
Average daily rates were down by two per cent while revenue per available room waned by 4.
The prices shown reflect the average daily rate for the cheapest available car in each locale over the past 12 months.
In US$/day 2014 2013 Q1 Q4 Q3 Q2 Q1 Deepwater offshore vessels 22,839 22,241 22,683 22,092 21,392 Shallow water offshore vessels 14,199 14,013 13,728 13,850 14,315 Crewboats 5,323 5,309 5,204 5,122 5,034 Subsea Services 45,407 43,120 41,331 40,644 40,405 "Total fleet excluding Crewboats" average daily rate 19,497 19,329 19,573 19,458 19,427
The higher average daily rate benefitted RevPar (Revenue per available room), which moved up 6.
As occupancy levels in the city reach an increased level of stabilization and hotel managers become more confidant, average daily rates will start to rebound, albeit at a slower pace when compared to occupancy.
In 1991, when the lodging industry was experiencing declining occupancy and financial losses, Coopers & Lybrand forecast that 1993 would bring a return to profitability and average daily rate increases greater than inflation.
5 percent for nine months with a 9 percent increase in average daily rate, and revenue per room is up $5 from 2005.
The uber-luxury segment reported the largest decrease in both the average daily rate and revpar, down 18 percent to $138.
INNKEEPERS USA TRUST HOTEL OPERATING RESULTS (UNAUDITED) Three Months Ended December 31, % December 31, 2006 2006 2005 Inc(dec) PORTFOLIO(1) Average Daily Rate $112.
Because the EIS also aims to valuate a visitor's economic impact on the city, important hotel performance figures including hotel occupancy, average daily rate and room taxes generated within West Hollywood will be researched, compiled and presented.
Recent data from Smith Travel Research show that during the first three months of this year, the average daily rate for a hotel room in New York City was down by 20 percent to 30 percent, while the occupancy level dropped from an average of 84 percent to as low as 50 percent.

Full browser ?