RevPAR (revenue per available night — the short-term rental version of the hotel industry's "revenue per available room") is a single figure that combines occupancy rate and average nightly rate into one measure of how a property is actually performing.
RevPAR = Occupancy Rate × Average Nightly Rate
Equivalently, it's total booking revenue divided by total available nights (booked and unbooked) over a given period — not just the nights that sold.
Try it with your own numbers
A worked example
A property has 30 available nights in a month and books 20 of them at an average of €120 a night. That's €2,400 in revenue, occupancy of 67%, and a RevPAR of €80 per available night (€2,400 ÷ 30).
Why it's more useful than either number alone
Occupancy rate says nothing about what those nights were worth, and average nightly rate says nothing about how many nights actually sold. Two very different combinations — 90% occupancy at €90 a night, or 60% occupancy at €135 a night — can land on almost exactly the same RevPAR. Comparing RevPAR across time periods or across properties avoids the trap of assuming higher occupancy alone means a better outcome.
Read the full breakdown of occupancy rate vs. average nightly rate →