What does RevPAR mean in hotels?
What does RevPAR mean in hotels? Understanding Revenue Per Available Room (RevPAR) RevPAR is a metric used in the hospitality industry to assess a property's ability to fill its available rooms at an average rate. An increase in a property's RevPAR means that its average room rate or its occupancy rate is improving.
When must a hotel walk a guest?
When Your Hotel Is Overbooked, You Might Be 'Walked' to Another. The term in the travel industry is “walked.” That's when a hotel tells a traveler with a confirmed reservation that it does not, in fact, have an available room and instead books a room for the guest at another hotel.
What does ADR mean in hotels?
Average daily rate (ADR), one of the three key hotel performance indicators (along with occupancy and RevPAR), is the measure of the average paid for rooms sold in a given time period.