What does the average hotel price index mean?

Average house price index (ARI): refers to the percentage of the average house price of a hotel and the average house price of a competitive group. Used to consider the rationality of hotel ADR.

ARI calculation formula: Ari = average hotel price/average competition group price × 100%.

Evaluation principle of average house price index: the index is higher than 100%, which means that the average house price of hotels is higher than that of competitive groups; The index is lower than 100%, indicating that the average price of the hotel is lower than that of the competitors, and the pricing of hotel products should be considered. To give a simple example, for example, individual best-selling rooms with low prices should be improved.

Hotels, also known as guest houses and hotels, are commercial organizations that provide users with safe and comfortable places to have a short rest or sleep.

The earliest hotels existed in the post station system established by the ancient government. Nowadays, hotels not only provide accommodation services for tourists, but also provide life services and facilities, such as catering, games, entertainment, banquets, conferences and so on.

Some hotels also provide value-added services, such as free mobile phone use, RV transfer and so on.

The hotel industry belongs to the service industry, which mainly sells intangible services rather than tangible products.

We can find the definition of a hotel from its name and function.

A hotel with international standards must first have comfortable and safe rooms that can attract guests to stay, various restaurants that can provide local cuisine, business conference halls, modern conference equipment and office communication systems needed for trade negotiations, and entertainment centers needed by tourists.

Swimming pool, gym, merchandise department, gift department and comprehensive service department, such as bank, post office, fax room, bookstore, greenhouse, beauty salon, etc. At the same time, all units should have well-qualified waiters to provide first-class services for guests. Today's international hotel industry is called "tourism" By industry, we mean a large number of scientific, professional and efficient undertakings.