The formula to calculate the Average Daily Rate (ADR) is:
\[ ADR = \frac{R}{RS} \]
Where:
Let's say the total revenue for the day (R) is $5000 and the number of rooms sold (RS) is 50. Using the formula:
\[ ADR = \frac{5000}{50} = 100 \]
So, the Average Daily Rate (ADR) is $100 per room.
Definition: The average daily rate (ADR) is a measure of the average income earned per paid occupied room per day.
Formula: \( \text{ADR} = \frac{\text{Total Room Revenue}}{\text{Number of Rooms Sold}} \)
Example: \( \text{ADR} = \frac{5000}{50} \)
Definition: The daily rate is the amount earned or paid per day.
Formula: \( \text{Daily Rate} = \frac{\text{Total Amount}}{\text{Number of Days}} \)
Example: \( \text{Daily Rate} = \frac{3000}{30} \)
Definition: The daily percentage rate is the interest rate charged or earned per day.
Formula: \( \text{Daily Percentage Rate} = \frac{\text{Annual Percentage Rate}}{365} \)
Example: \( \text{Daily Percentage Rate} = \frac{5}{365} \)
Definition: The daily rate can be calculated from an annual salary.
Formula: \( \text{Daily Rate} = \frac{\text{Annual Salary}}{365} \)
Example: \( \text{Daily Rate} = \frac{50000}{365} \)
Definition: The daily rate can be calculated from an annual rate.
Formula: \( \text{Daily Rate} = \frac{\text{Annual Rate}}{365} \)
Example: \( \text{Daily Rate} = \frac{12}{365} \)
