Key indicators used to track the success and profitability of a short-term rental business, including occupancy rate, average daily rate, and revenue per available rental.
Menu
Glossary Term: Revenue Per Available Rental (RevPAR)
3 posts
The use of data and software tools to track performance metrics related to yield management, such as occupancy rates, average daily rates (ADR), and revenue per available rental (RevPAR). This data helps hosts make informed decisions about pricing and availability.
Key performance indicators (KPIs) used to measure the effectiveness of yield management strategies for short-term rentals. These metrics include occupancy rate, average daily rate (ADR), revenue per available rental (RevPAR), and length of stay.