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Open Nights
Nights that remain open for guest stays, after Nights Unavailable (owners nights, hold nights, block nights) and Nights Sold to guests are subtracted from Total Nights.
This KPI is useful for quickly determining potential selling opportunities for a given period. After accounting for all owners, hold and block nights, pricing strategies become more manageable as we have a better picture of accurate availability.
Example:
Total Nights = 3,000 (100 available properties on the program x 30 days in the month)
Unavailable Nights = 300 (100 owner nights + 100 hold nights + 100 block nights)
Nights Sold = 1,700 (Nights sold to guests)
Open Nights = Total Nights - Nights Unavailable - Nights Sold
Open Nights (1,000) = Total Nights (3,000) - Nights Unavailable (300) - Nights Sold (1,700)