Knowledgebase
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Common Abbreviations relating to the MyPMS product
Posted by Jesse Chieppa on 07 Mar 2010 09:51 AM
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Common Abbreviations relating to the MyPMS productBelow are a list of commonly referred to Abbreviations in MyPMS. ARD - Advanced Room Deposit, commonly referred to as an Advanced Deposit. ARC - Advanced Room Charge, commonly referred to as an Advanced Charge. ADR - Average Daily Rate. This is the Average Daily Rate of a booking, or bookings over a period of time. For example you have a three day booking with Friday arrival. The first night rate is $250, the second night rate is $250 and the third night rate is $175 the ADR is $215 (675 / 3). GBW - Group Booking Wizard RevPar - Revenue Per Available Room is an important metric relevant to the hotel industry. Often it is utilized as a primary statistic indicating the overall financial performance of a property. RevPar is calculated based on a formula of Occupancy % * ADR. | |
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