Direct answer
RevPAB measures revenue generated per available bed in your portfolio over a period. It captures both pricing power (ADR) and occupancy in a single number, which makes it the cleanest cross-property and cross-period KPI for coliving operators.
It is the coliving analogue of hotel RevPAR. The hotel industry has converged around RevPAR as the canonical operator metric for the same reason: per-room pricing and occupancy alone each tell only half the story. RevPAB compresses both into one number you can rank operators, properties, or months by.
For multi-property operators, RevPAB enables clean property-by-property comparisons regardless of size. A 12-bed property at €700 RevPAB and a 60-bed property at €700 RevPAB are operating at the same efficiency on a per-bed basis even though one's gross revenue is 5x the other's.
RevPAB benchmark ranges (Q1 2026, stabilized properties): London £950-1,300, NYC $1,100-1,500, Berlin €650-820, Madrid €520-680, Lisbon €550-720, Austin $650-900, Bangalore ₹15,000-28,000. The cleanest internal use of RevPAB: track it weekly, compare against the prior 4-week trailing average; any deviation >5% triggers a diagnostic check (are we discounting? Did a high-ARPU tenant leave? Are we seeing seasonal dip?). For multi-property operators, RevPAB lets you rank properties on a single dimension regardless of size. The diagnostic chain: RevPAB drops → check ADR (pricing issue) and occupancy (demand issue) separately → if both move together, it's macro/regulatory; if ADR alone drops, it's discounting; if occupancy alone drops, it's marketing or product.
Formula
RevPAB = Total Revenue ÷ (Total Beds × Days in Period)
Worked example: Property: 50 beds, 30-day month, €65,000 total revenue. Available bed-nights = 50 × 30 = 1,500. RevPAB (per bed-night) = €65,000 ÷ 1,500 = €43.33. Monthly RevPAB ≈ €43.33 × 30 = €1,300.
In the field
Habyt reports RevPAB as the headline operator KPI in investor updates. Most multi-city operators organize operating reviews around RevPAB by region. Most coliving SaaS PMS dashboards (Hostfully, Coliving.com PMS) include RevPAB as a top-line metric.
Common pitfalls
- ×Confusing RevPAB with ADR, ADR ignores empty beds, RevPAB doesn't.
- ×Reporting RevPAB on revenue gross of platform fees vs. net of fees inconsistently across properties.
- ×Comparing RevPAB across currencies without FX-adjusting, exchange-rate moves can flatter or hide operational changes.
- ×Including ancillary service revenue (cleaning fees, food bundles) in some properties but not others.
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