Revenue Per Available Room (RevPAR)
RevPAR is total room revenue divided by the total number of available rooms, measuring room revenue generation relative to supply. STR provides this definition and formula and positions RevPAR as a core top-line performance metric.
- Where it applies
- Generally, not specific to New York
- When it comes up
- Asset management; reporting; underwriting
- Property types
- Hospitality
In practice
RevPAR is top-line; interpreting value requires linking it to cost structure and margin metrics (e.g., GOPPAR).
Related terms
Operating Performance Metrics
- Average Daily Rate (ADR)
- EBITDA Per Available Room (EBITDA PAR)
- 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
- Sales per Square Foot
General information, not legal, tax or financial advice.