Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI
Altexsoft
JUNE 21, 2023
We also investigate predicting ADR through machine learning and strategies to enhance this KPI. By keeping an eye on ADR, observing its fluctuations, and establishing pricing objectives considering the ADR trends, both hotels and vacation rentals can enhance revenue and improve their overall profitability. What is ADR?
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