One of the most difficult tasks will be to estimate revenues that you believe you could generate with domes. Once you come up with occupancy rates you will need now to determine the night price that you feel you will be able to charge this is called the average daily rate. Hospitality and vacation rentals statistics will be able to provide data on competing lodging alternatives, from that data you will need to extrapolate a prospective night rate. Scouting the competition on all websites in your area is crucial, you will always be able and should always modify market rates according to the demand. The nightly rate depends on your location, the size of your dome, the quality of your finishes, and the level of amenity you will offer. If your market does not any dome comparables you should:
– Find alternative and comparable lodging, maybe some pods.
– Find comparable domes in other markets but similar set up.
You rates will vary with the seasonality and whether it iss a weekday or a weekend. Your rates could vary from $150 to $ 1 000 a night.
Once your analysis is done you should be able to compute an average daily rate throughout the year.
