Metrics lexicon

How Wheelhouse defines common metrics

Calendar nights

Number of nights - irrespective of listing status - that are in a timeframe.

Example

28 days

Bookable nights

Number of nights that can be booked by a guest, i.e excluding blocked nights.

Example

19 days

Blocked nights

Number of nights that are blocked off by the host.

Example

9 days

Booked nights

Number of nights that are booked by a guest.

Example

12 days

Available nights

Number of nights still available to book by a guest.

Example

7 days

Asking rate

Average nightly price of bookable nights, i.e. excluding blocked nights, in a time frame.

Example

$88.20

Openness

Percentage of bookable nights in a time frame: bookable nights / calendar nights.

Example

67.9%

Occupancy

Percentage of nights booked out of total nights in a time-frame: booked nights / calendar nights. This means that “Occupancy” = “Adjusted Occupancy” * “Openness”.

Example

42.9%

Adjusted occupancy

Percentage of nights booked out of bookable nights, i.e. excluding blocked nights, in a time-frame: booked nights / bookable nights.

Example

63.20%

Nightly revenue

Sum of nightly prices of booked nights in a time-frame.

Example

$1,045

Total revenue

Sum of total revenue from reservations (incl. fees) in a time-frame. Reservations that cross time-frame boundaries are split up by number of days.

Example

$1,120

Average nightly rate

Average nightly price of booked nights in a time-frame.

Example

$87.10

Average daily rate

Total revenue in a time-frame divided by number of booked nights in the time-frame.

Example

$93.30

RevPAR

Total revenue in a time-frame divided by number of calendar nights in the time-frame. Equals ADR * Occupancy.

Example

$40.00

Adjusted RevPAR

Total revenue in a time-frame divided by number of bookable nights in the time-frame. Equals ADR * Adjusted Occupancy.

Example

$58.90

Nightly RevPAR

Nightly revenue in a time-frame divided by number of calendar nights in the time-frame. Equals ANR * Occupancy.

Example

$37.30

Adjusted Nightly RevPAR

Nightly revenue in a time-frame divided by number of bookable nights in the time-frame. Equals ANR * Adjusted Occupancy.

Example

$55.00

Lead time

Average number of days between booking date and check in date for reservations in a time-frame.

Example

74.7 days

Length of stay

Average length (number of days between check-in and check-out) for reservations in a time-frame.

Example

4 days

Example calendar

February 2023

Locked

Booked

Mon

Tue

Wed

Thu

Fri

Sat

Sun

1

$85

2

$90

3

$90

4

$90

5

$90

6

$85

7

$85

8

$85

9

$85

10

$85

11

$85

12

$90

13

$90

14

$90

15

$90

16

$90

17

$90

18

$90

19

$85

20

$85

21

$85

22

$85

23

$85

24

$85

25

$90

26

$90

27

$90

28

$85

Bookings

StartEnd dateBooked atFees
Feb. 7, '23Feb. 11, '23Dec. 3, '22Cleaning: $20, extra guest $15
Feb. 13, '23Feb. 18, '23Nov. 17, '22Cleaning: $20
Feb. 21, '23Feb. 24, '23Dec. 13, '22Cleaning: $20

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