Previously titled "Available Occupancy" (released 9/12/19)
By comparison, Occupancy, the traditional hospitality KPI, calculates the percentage of Guest Nights out of the total nights in the period, without considering the Owner Nights and Holds. Because owner reservations and hold nights take up some of the nights typically, Adjusted Paid Occupancy % is helpful to how well you’ve filled up the properties from the nights that were available for you to fill with guests.
Practical Example: If a single property has 11 owner nights in a 31 day month, it has 20 nights available for guests to book (Nights Available). If a guest books a 5 night stay in this unit (Guest Nights) and the remaining 15 nights remain open, the Adjusted Paid Occupancy % for this property will be 25% for this month (5 Guest Nights / 20 Nights Available)