Revenue Per Available Room (RevPAR)

RevPAR answers a sharper question than nightly price alone: across every night the property was available, how much revenue did it actually produce? You can calculate it two equivalent ways: multiply the average daily rate (ADR) by the occupancy rate, or divide total revenue by the nights available. Both give the same figure.

The name comes from hotels, where CoStar (STR) defines RevPAR as total room revenue divided by total rooms available, the industry’s standard top-line yield measure. A hotel spreads that across hundreds of rooms; a short-term rental has exactly one room to sell, the listing, so for a single property RevPAR and revenue per available night are the same number. STR analytics often quote it per night for that reason, and the explicitly per-night, fee-inclusive variant has its own name, RevPAN.

RevPAR matters because a high nightly rate means little if the calendar sits empty, and high occupancy means little if you slashed the price to fill it. RevPAR captures that tradeoff in a single number, which makes it the cleanest way to compare two listings, two pricing strategies, or the same listing across seasons. Our guide to calculating Airbnb income walks through ADR, occupancy, and RevPAR step by step, and the Airbnb ROI playbook shows where RevPAR fits in the full return picture.