Occupancy rate
Also called occupancy, adjusted occupancy, occupancy of available nights. Last reviewed Oct 8, 2026 by Jeremy Werden
Occupancy rate is the percentage of a short-term rental's available nights that were booked. BNBCalc leaves out the nights a host blocked, so a home booked on 150 of the 200 nights it was open shows a 75% occupancy rate, even though that's only 41% of the year.
Occupancy rate = booked nights ÷ nights open for booking
Open nights or calendar nights
There are two common ways to measure occupancy, and they can give very different answers for the same home. Calendar occupancy divides booked nights by all 365 nights of the year, so a home the owner uses for half the year looks half empty. Occupancy of open nights, which BNBCalc uses, only counts the nights the host made available, so it shows how well a listing books when it's open for rent.
That's why the home above shows 75% in BNBCalc but 41% by the calendar method. Make sure you know which method a source uses before you compare its numbers with BNBCalc's.
Where you'll see it in BNBCalc
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BNBCalc Markets: the Occupancy rate card on a market page averages the last 12 monthly occupancy rates, counting open nights only, and each listing's details show its Occupancy of available nights.
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Property analyses: the occupancy behind a revenue estimate comes from the comps' occupancy of open nights, usually after each one is pulled toward nearby homes, and the daily rate is set so that daily rate × occupancy × 365 equals the estimate.
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