EBITDA Per Available Room (EBITDA PAR)
EBITDA PAR is EBITDA divided by room nights available, used to analyze profitability among companies and industries on an available-room basis in hotel reporting contexts. STR reporting guidance provides the formula structure for this metric.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Performance reporting; underwriting; lender and investor analysis
- Property types
- Hospitality
In practice
EBITDA PAR is most meaningful when EBITDA is defined consistently across comparable properties (treatment of management fees, franchise fees, and reserves can vary).
Related terms
Operating Performance Metrics
- Average Daily Rate (ADR)
- Gross Operating Profit Per Available Room (GOPPAR)
- Labor Cost Per Available Room (LPAR)
- Load Factor (Common Area Factor / Loss Factor)
- Net Effective Rent (NER)
- Occupancy Cost
- Occupancy Cost Ratio
- Rentable Area
- Revenue Per Available Room (RevPAR)
- Sales per Square Foot
General information, not legal, tax or financial advice.