Short-term rental metrics lexicon

Estimated yearly listing revenue, including cleaning fees. In market stats, BNBCalc divides total market revenue over the last 12 months by the average number of active listings over those months.

total market revenue (last 12 months) ÷ average active listings

Cleaning fees are bundled into the booked nightly rate, so revenue and ADR already include them. BNBCalc never adds cleaning on top.

Listing-level revenue estimate from the past 12 months of bookings. It already includes cleaning fees.

Listing-level revenue estimate if the listing were bookable year-round.

actual revenue × adjusted occupancy ÷ calendar occupancy

Includes cleaning fees. Potential cleaning revenue is an estimated portion of this total, based on estimated stays and the cleaning fee. It is never added to it.

Revenue from booked nightly rates. Cleaning fees are bundled into the nightly rate, so it includes them. It excludes other guest fees.

booked nights × ADR

Average daily rate, also called average nightly rate. It is the average booked nightly price.

booked nightly revenue ÷ booked nights

ADR includes cleaning fees, which are bundled into the booked nightly rate. It excludes other guest fees.

Average posted rate, or asking rate. It averages booked and available nightly prices.

APR excludes cleaning fees and guest fees.

Occupancy of bookable nights, excluding host-blocked nights.

booked nights ÷ bookable nights

Estimated booked nights after accounting for host-blocked days.

bookable nights × adjusted occupancy

Length of stay. This is the average number of nights per reservation.

Estimated reservation count over the period, based on revenue, ADR, and LOS.

revenue ÷ ADR ÷ LOS

Estimated portion of revenue that comes from cleaning fees, based on estimated stays and the listing's past cleaning fee, or the market's median fee for the same bedroom count. It is already part of revenue and is never added to it.

estimated stays × cleaning fee

Cleaning fee converted into a per-night number. Because cleaning is bundled into the booked nightly rate, it estimates how much of ADR comes from cleaning.

cleaning fee ÷ LOS

Revenue per available night. For market benchmarks, RevPAR includes cleaning fees.

ADR × occupancy

For each eligible home, annual room-revenue potential is divided by a ZIP- and bedroom-matched home-value estimate. Groups show the median of those yields. Cleaning income is excluded. Gross yield is before expenses and financing.

Annual room-revenue potential ÷ matched home value, before expenses.

The chart holds current revenue potential constant and uses the matched home value for each month. It models price changes, not past earnings.

Share of listings operated by hosts or managers with multiple active listings in the market data.

Distribution of listings by annual bookable nights. This helps separate part-time listings from year-round inventory.