RevPAR (Revenue Per Available Room)

ADR multiplied by occupancy rate. Combined measure of pricing power and demand.

RevPAR = ADR × occupancy. It's a better single-number summary of STR performance than ADR alone because it captures whether you're filling the unit. A property with $300 ADR and 80% occupancy has RevPAR $240. A property with $400 ADR but 50% occupancy has RevPAR $200 — worse, despite the higher nightly rate. AirDNA and similar tools report market RevPAR. Underwrite STR deals against market RevPAR, not nightly rate screenshots.