Vacation Rental Glossary

Average Daily Rate

Vacation rental metrics or key performance indicators are critical measurable aspects of your business that you can lean on to understand and manage your business better. From occupancy rates to referrals your vacation rental is getting, it can be helpful to track these metrics. “You can’t improve what you don’t measure!”

If you understand the business metrics, you and/or the vacation rentals’ manager will be able to analyze the return on your investment and return on revenue more accurately to improve your operations.

It is the total rent divided by the number of nights within a given time period. An indicator of the average price of a vacation rental, it is calculated by dividing the total revenue generated in a vacation rental by the number of nights the vacation rental was booked. It is essentially the booked rate, and does not include the prices for open nights. 

Revenue Estimator Pro: Get Instant Revenue Estimates for Any Address.

X

Join our newsletter

  • enter your email to recieve regular updates
This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.