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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.
Apple Hospitality REIT's Average Daily Rate (USD) for the quarter that ended in Dec. 2023 was 149.88 , which lower from pervious quarter (Sep. 2023)'s result by 5.95%.
Apple Hospitality REIT's Average Daily Rate (USD) for the annual that ended in Dec. 2023 was 155.76 , which higher from pervious year (Dec. 2022)'s result by 4.28%.
The historical rank and industry rank for Apple Hospitality REIT's Average Daily Rate (USD) or its related term are showing as below:
The historical data trend for Apple Hospitality REIT'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.
Apple Hospitality REIT 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 |
Apple Hospitality REITQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |||||||||||||||||||||
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, Apple Hospitality REIT'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.
Apple Hospitality REIT (NYSE:APLE) 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 Apple Hospitality REIT's Average Daily Rate (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.
Elizabeth Perkins | officer: SVP & Chief Financial Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Justin G Knight | director, officer: CEO | 10 S THIRD ST, RICHMOND VA 23219 |
Nelson Knight | officer: President Real Estate & Invest | 814 E MAIN STREET, RICHMOND VA 23219 |
Redd Hugh | director | C/O GENERAL DYNAMICS CORPORATION, 2941 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Howard E. Woolley | director | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Carolyn B Handlon | director | 1555 PEACHTREE ST. NE, SUITE 1800, ATLANTA GA 30309 |
Jon A Fosheim | director | DIGITALBRIDGE GROUP, INC., 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487 |
Blythe J Mcgarvie | director | HANNAFORD BROS CO, 145 PLEASANT HILL RD, SCARBOROUGH ME 04074 |
Bunting Glenn W Jr | director | 1551 NORTH TUSTIN AVENUE, SUITE 200, SANTA ANA CA 92705 |
Kristian M Gathright | director | 10 S THIRD ST, RICHMOND VA 23219 |
Glade M Knight | director, officer: Executive Chairman | 306 E MAINS T, RICHMOND VA 23219 |
Matthew Rash | officer: SVP & Chief Legal Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Rachel Labrecque | officer: SVP & Chief Accounting Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Jeanette Clarke | officer: SVP Chief Cap. Invest. Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
Karen Catherine Gallagher | officer: SVP & Chief Operating Officer | C/O APPLE HOSPITALITY REIT, INC., 814 EAST MAIN STREET, RICHMOND VA 23219 |
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