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Average Daily Rate (USD) is a metric widely used in the hospitality industry to indicate the average revenue earned for an occupied room on a given day. Higher ADR is better. However, it does not tell the complete story about a hotel’s revenue.
Park Hotels & Resorts's Average Daily Rate (USD) for the quarter that ended in Mar. 2024 was 247.91 , which lower from pervious quarter (Dec. 2023)'s result by 1.20%.
Park Hotels & Resorts's Average Daily Rate (USD) for the annual that ended in Dec. 2023 was 245.80 , which higher from pervious year (Dec. 2022)'s result by 2.94%.
The historical rank and industry rank for Park Hotels & Resorts's Average Daily Rate (USD) or its related term are showing as below:
The historical data trend for Park Hotels & Resorts's Average Daily Rate (USD) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Park Hotels & Resorts Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Average Daily Rate (USD) | Get a 7-Day Free Trial | ||||||||||
Revenue per Available Room (USD) | Get a 7-Day Free Trial |
Park Hotels & ResortsQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |||||||||||||||||||||
Average Daily Rate (USD) | Get a 7-Day Free Trial | ||||||||||||||||||||||||||||||||||||||||
Revenue per Available Room (USD) | Get a 7-Day Free Trial |
For the REIT - Hotel & Motel subindustry, Park Hotels & Resorts's Average Daily Rate (USD), along with its competitors' market caps and Average Daily Rate (USD) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Average Daily Rate (USD) is calculated as
Average Daily Rate (USD) | = | Average Rooms Revenue Earned | / | Number of Rooms Sold |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Park Hotels & Resorts (NYSE:PK) Average Daily Rate (USD) Explanation
Average Daily Rate (USD) is a key performance indicator widely used in the hospitality industry to indicate the average revenue earned for an occupied room on a given day.
Average Daily Rate (USD) is calculated by taking the average revenue earned from rooms and dividing it by the number of rooms sold, excluding complimentary rooms and rooms occupied by staff. A rising ADR suggests that a hotel is increasing the money it's making from renting out rooms. The ADR can be compared against its historical values to get the trends and determine the hotel’s performance.
However, The ADR does not tell the complete story about a hotel’s revenue, as it does not subtract charges such as commissions and rebates. It’s usually combined with Revenue per Available Room (USD) and Average Occupancy Rate % to measure the operating performance of a hotel.
Thank you for viewing the detailed overview of Park Hotels & Resorts's Average Daily Rate (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.
Geoffrey Garrett | director | C/O PARK HOTELS & RESORTS, 1775 TYSONS BOULEVARD, 7TH FLOOR, TYSONS VA 22102 |
Thomas D Eckert | director | 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401 |
Nancy M. Vu | officer: SVP,Gen. Counsel & Secretary | 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102 |
Thomas A Natelli | director | 1997 ANNAPOLIS EXCHANGE PARKWAY, SUITE 410, ANNAPOLIS MD 21401 |
Jill C Olander | officer: See Remarks | C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102 |
Baltimore Thomas J Jr | director, officer: See Remarks | PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102 |
Darren W Robb | officer: See Remarks | C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD., 7TH FLOOR, TYSONS VA 22102 |
Carl A. Mayfield | officer: EVP, Design and Construction | C/O PARK HOTELS & RESORTS INC., 1775 TYSONS BLVD, 7TH FLOOR, TYSONS VA 22102 |
Matthew Abram Sparks | officer: See Remarks | C/O HILTON GRAND VACATIONS, 5323 MILLENIA LAKES BLVD., SUITE 400, ORLANDO FL 32839 |
Hna Tourism Group Co., Ltd. | 10 percent owner | HNA BUILDING, NO. 7 GUOXING ROAD, HAIKOU F4 570203 |
Stephen I Sadove | director | |
Mu Xianyu | director | C/O PARK HOTELS & RESORTS INC., 1600 TYSONS BOULEVARD, STE. 1000, MCLEAN VA 22102 |
Blackstone Real Estate Associates Vi L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Real Estate Partners Vi.te.2 Prime L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Hlt Holdco Iii Prime Llc | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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