To find the market you wish to subscribe to, start typing the city or zip code into the search bar in MarketMinder, and it will generate as you type. The pricing for these markets is determined by the number of short-term rental listings within, and the market boundaries are based on how they are set in Open Street Maps. A market can be a zip code or neighborhood, city, state (only available in certain countries), and country. With future-looking data, cleaning fees are too variable and subject to change to be reliably included in our figures.AirDNA’s MarketMinder is a subscription-based product that gives insight into short-term rental markets. With historical data we’re able to see cleaning fee information, which allows us to factor it into the average daily rate (ADR), and in turn revenue. MarketMinder shows both historical and forward-looking data points, the cleaning fee is included in the historical figures but not in the forward-looking. Whereas the ADR showing market performance will give you the monthly median average daily rate showing up to five years into the past, and can be found in the Rates tab : The ADR for specific properties (which can be found on the map) shows the ADR over the last 12 months: In MarketMinder, we show ADR performance on a market level and for individual properties. Total Revenue (Daily Rates + Cleaning Fee) / Number of Booked Nightsįor example, if a property was booked for 5 days at $250 per night, and the cleaning fee for those 5 nights was $200, the ADR would be $290.Īs we include the cleaning fees in the ADR, it is also included in the total revenue figures. We then factor in the cleaning fee by dividing it by the number of reserved days. To calculate the historical ADR, we divide the total revenue of the booking by the number of reserved days.
When determining the income for a short-term rental listing, we include the cleaning fee, as this can be a revenue stream for many hosts and property managers.
Average Daily Rate, or ADR, is calculated by dividing the revenue generated from a reservation by the number of days reserved in the booking, including the cleaning fee set by the host.
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