Revenue Per Available Room/Night (RevPAR)

It blends your nightly rate and occupancy into one number — revenue per night you could have rented.

Formal definition

RevPAR equals total short-term rental revenue divided by the number of nights the property was available to book in the period.

Why it matters

Hosts compare markets and listings with RevPAR; it shows whether you are filling nights at profitable rates.

Where you see it

• Airbnb performance summaries
• Hotel revenue management systems
• STR investment underwriting
• AirDNA and comp-set reports
• Hospitality finance coursework

Worked example

1. STR revenue:
2. Nights available: 90.
3. RevPAR =
4. Interpretation: Each available night earned $200 on average — occupancy and rate combined.

How Business metrics calculates it

Revenue ÷ Nights available.

Where people fool themselves

RevPAR is not occupancy. You can raise ADR and watch occupancy fall and still win on RevPAR. Read all three.

Run it on your own numbers: the Short-Term Rental calculator.