What is Service Properties Trust Average Daily Rate (USD)?
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.
Service Properties Trust's Average Daily Rate (USD) for the quarter that ended in Dec. 2023 was 137.31
, which lower from pervious quarter (Sep. 2023)'s result by 2.46%.
Service Properties Trust's Average Daily Rate (USD) for the annual that ended in Dec. 2023 was 140.94
, which higher from pervious year (Dec. 2022)'s result by 4.81%.
The historical rank and industry rank for Service Properties Trust's Average Daily Rate (USD) or its related term are showing as below:
SVC's Average Daily Rate (USD) is not ranked *
in the REITs industry.
Industry Median: * Ranked among companies with meaningful Average Daily Rate (USD) only.
Service Properties Trust Average Daily Rate (USD) Historical Data
The historical data trend for Service Properties Trust'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.
* Premium members only.
Service Properties Trust Average Daily Rate (USD) Chart
Competitive Comparison of Service Properties Trust's Average Daily Rate (USD)
For the REIT - Hotel & Motel subindustry, Service Properties Trust'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.
Service Properties Trust (NAS:SVC) Average Daily Rate (USD) Calculation
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.
Service Properties Trust (NAS:SVC) 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.
Service Properties Trust Average Daily Rate (USD) Related Terms
Thank you for viewing the detailed overview of Service Properties Trust's Average Daily Rate (USD) provided by GuruFocus.com. Please click on the following links to see related term pages.
Service Properties Trust (Service Properties Trust) Business Description
Service Properties Trust is a real estate investment trust that owns hotel properties. These properties are located primarily in the United States, along with Canada and Puerto Rico. The company operates through its hotel investment unit and net lease investments. The firm derives the majority of its revenue from the hotel real estate investments unit. The hotels are distinguished between their service levels, which include full service, select service, and extended stay; and chain scale, which includes luxury, upper upscale, upscale, upper midscale, and midscale. Most hotels are extended stay or upscale. Some of the major hotel brands include Courtyard by Marriott, Royal Sonesta, Crowne Plaza Hotels & Resorts, and Hyatt Place.
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