What is ADR?
Average Daily Rate measures the average price we are selling units for. The formula for ADR for a given period is Total Revenue divided by Total Room Nights. This is a good measure to helping understand the pricing structure, but it is not the most important measure for maximizing overall revenue. In theory, we could achieve a fantastic ADR by doubling prices, but that does not take overall occupancy into consideration. If we cut our occupancy in half by doubling prices, we have not really accomplished much.
ADR are the initials of a French phrase meaning “international agreement concerning the carriage of dangerous goods by road”. The agreement already applies to the transport of dangerous goods through and between those European countries that have signed up to it. The agreement stipulates that detailed technical requirements have to be met before a certificate allowing carriage of dangerous goods is issued to a vehicle. This applies whether the goods to be carried are liquid, gaseous or explosive. ADR vehicle certificates are renewable annually.
DR stands for Appropriate Dispute Resolution and includes a variety of options available to the concerned parties to manage disputes, such as direct negotiation between the affected parties, EUB staff facilitation, third-party mediation, arbitration, and an EUB public hearing. This EnerFAQs focuses on the facilitation and mediation options offered within the EUB’s ADR program. These options aim to help people explore and understand each other’s interests and develop acceptable solutions together by creating an environment that supports respectful discussion. The solutions generated by the parties reflect their respective interests and are often solutions that would not have been arrived at individually.
