In AirDNA you can find revenue performance for both individual listings and entire markets, once we have a property's revenue performance we add it to the overall market's revenue to find the median.
Individual short-term rental listings
The revenue of a short-term rental listing is calculated by multiplying the number of booked days by the average daily rate (ADR).
It is important to remember that not all short-term rental (STR) properties have year-long availability, and occupancy is calculated by looking at the number of booked available days.
Short-term rental markets
Once we have the revenue figures of all the STR listings in a market, we look at the median figures to represent overall market performance. In the below example, the median revenue generated by a property in this market in March of 2023 was $9,800.
Cleaning fees
In all historical revenue figures, we include both the nightly rate and the cleaning fee. In any forward-looking figures we only include the nightly rate.