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Adjusted RevPAS (Revenue Per Available Sleeps)
Previously titled "RevPAS" (released 9/12/19)
Adjusted RevPAR broken down by the number that the property sleeps, calculates the amount of Unit Revenue per unit of sleeping capacity per night.
Because Adjusted RevPAR offers diminishing value when comparing different property types, Adjusted RevPAS normalizes the data to allow comparisons across properties with different sleeping capacity. This allows you to directly compare the rental revenue per the sleeping occupancy over the number of available nights for properties that sleep 14 and properties that sleep 2. It also provides a more meaningful KPI for comparing the traditional Adjusted RevPAR across all properties when benchmarking against other companies, as well as for comparing all your properties against one another.
= Unit Revenue / (Total Available Paid Nights x Sum of Sleeping Occupancy)