Avenu Insights, THLA Endorsed Vendor

Avenu Insights, THLA Endorsed Vendor

THLA is pleased to announce our newest Endorsed Vendor, Avenu Insights. Avenu works closely with local officials to help cities, towns, and counties of all sizes gain the untapped revenue and budget insights to achieve more. Avenu offers a full range of solutions...
What is Occupancy Rate?

What is Occupancy Rate?

Occupancy rate is the ratio of rented or used space for the total amount of available space. The metric is expressed as a percentage and is often used when determining how much available space is actually being utilized in a given period. How to calculate Occupancy...
What is Hotel Occupancy Tax?

What is Hotel Occupancy Tax?

Occupancy tax is a tax on the rental of rooms that the city, county, state or country may require; it is generally owed on the price of accommodations or any additional fees like cleanings or extra guests. An occupancy tax can also be referred to as a lodging tax, a...
What is Average Daily Rate (ADR)?

What is Average Daily Rate (ADR)?

Average Daily Rate (ADR) is a commonly used financial indicator in the hotel industry to measure your hotel’s statistical performance compared to your competitor’s and to measure your hotel to itself (year over year).  The number represents the average rental income...

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