RevPAN — Revenue Per Available Night — is the metric that separates serious short-term rental investors from casual hosts. Unlike occupancy rate alone, RevPAN captures both how often your property is booked *and* how much you earn per night, giving you a single number that reflects true portfolio performance.
The Formula
RevPAN = Total Revenue ÷ Total Available Nights
For example: if your property earned €3,200 in April (30 available nights), your RevPAN is **€106.67**.
Why Occupancy Rate Isn't Enough
A property at 95% occupancy charging €60/night earns less than one at 70% occupancy charging €120/night. RevPAN accounts for this — it's the metric lenders, fund managers, and experienced operators use to compare properties on equal footing.
How to Track It
Hosmetrics calculates RevPAN automatically from your Airbnb CSV export. You can filter by listing, date range, or view portfolio-wide trends over time.
What's a Good RevPAN?
This depends heavily on your market. Urban apartments in Paris or London typically target €100–200+ RevPAN. Beach properties may peak seasonally. Use Hosmetrics' monthly overview to spot your own seasonal patterns and set realistic targets.