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Travel & Hospitality terms
Demand, occupancy, RevPAR, fares and revenue management.
Average daily rate (ADR) The average revenue earned per occupied hotel room per day, excluding unsold rooms. Dynamic pricing Automatically adjusting prices in near real time based on demand, inventory, timing, and competitor behavior. Occupancy rate The share of available capacity, such as hotel rooms or rental units, that is filled or in use over a given period. Revenue management The discipline of selling the right unit of fixed, perishable capacity to the right customer at the right price and time. Revenue per available room (RevPAR) A hotel performance metric combining occupancy and rate into a single figure of revenue earned per available room.