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RevPAB Calculator

Compute coliving's most diagnostic operating KPI in 60 seconds. RevPAB, ADR, occupancy, and a benchmark band against industry data, single source of truth for the metric every investor asks about.

Inputs

Bed count, not unit count. Coliving prices per bed.

Use 30 for monthly RevPAB, 365 for annual.

Max: 1500

EUR

All-in: rent + ancillary services.

Monthly RevPAB

€1,300

per bed per month, at this run-rate

Unlock the full breakdown

See ADR, occupancy %, annualised revenue, the benchmark band, and the full verification math.

ADR (per occupied bed-night)

€47

Occupancy rate

93.0%

Annualised revenue

€790,833

Benchmark

Solid mid-market

€1,300/bed/month at 93% occupancy is healthy mid-market performance. Look for pricing optimisation as your next 5-15% upside.

How it's calculated

Total available bed-nights: 50 × 30 = 1,500
Occupancy: 1,395 ÷ 1,500 = 93.00%
ADR: €65,000 ÷ 1,395 = €47
RevPAB (per bed-night): ADR × Occupancy = €43
Monthly RevPAB ≈ €43 × 30 days = €1,300

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Why RevPAB is the single most diagnostic coliving metric

Most operators track occupancy. Some track ADR. Almost none multiply them, and that's the gap. Occupancy at 95% sounds great until you discover your average daily rate dropped 18% to get there. ADR holding firm at €60/night sounds great until you discover occupancy slipped to 72%. RevPAB collapses both into a single number that survives the spin.

Investors know this. Knight Frank's European Coliving Report 2024 leads with RevPAB benchmarks. Coliving Insights' European Index 2025 reports portfolio-level RevPAB across operators. If you walk into a fundraise quoting average occupancy, sophisticated capital will translate it into RevPAB themselves and ask why you didn't.

The tool above gives you a clean RevPAB plus the verification math (ADR × occupancy must equal RevPAB, if not, your inputs are wrong) plus an industry benchmark band. Run it monthly. Track the trend. Compare across properties. The operators we advise who treat RevPAB as their primary KPI consistently outperform peers who don't.

RevPAB at 88-94% of asking rent is healthy. Below 85%, your discounting has gone unmanaged. Above 96%, occupancy is suspect or you're underpricing.

The 5 RevPAB mistakes that hide in operator decks

1

Reporting averages without the trend

A 12-month average RevPAB is meaningless if 9 months are strong and 3 months are catastrophic. Plot the monthly trend. The slope matters more than the level.

2

Comparing against the wrong benchmark

London RevPAB is not Lisbon RevPAB. Match your benchmark band to your city tier and product positioning. The tool's bands are calibrated for European urban mid-market, premium and emerging-market properties have different scales.

3

Confusing gross revenue with RevPAB-relevant revenue

Include rent, utilities markup, and ancillary services that residents pay for. Exclude security deposits (liability, not revenue), one-off setup fees, and non-resident revenue. Sloppy revenue definitions inflate RevPAB by 5-10% and get caught in diligence.

4

Forgetting to exclude offline beds

If 5 beds are offline for renovation for 2 months, treating them as available beds drags RevPAB down artificially. Exclude long-term offline beds from the denominator. Most credible operators do, make sure you do too.

5

Not segmenting by room type

Mixing private ensuites with shared bunk rooms in one RevPAB number hides which rooms are pulling weight and which are dragging. Run the calculation per room type once a quarter.

Frequently Asked Questions

What is RevPAB?
RevPAB stands for Revenue Per Available Bed. It is the coliving equivalent of hospitality's RevPAR (revenue per available room). RevPAB = total revenue ÷ (total beds × days in period). It captures pricing power and occupancy in a single number.
Why is RevPAB more useful than just tracking occupancy?
Occupancy alone hides discounting. A property at 95% occupancy with deep discounts has worse RevPAB than the same property at 90% occupancy at full rate. RevPAB normalises both inputs and is what serious coliving investors and operators benchmark against.
How does RevPAB compare to RevPAR?
RevPAR (Revenue Per Available Room) is the hotel-industry KPI. RevPAB applies the same logic but at the bed level, appropriate for coliving where rooms often hold multiple beds and pricing is per bed. The math is identical; the unit of inventory differs.
What is a healthy RevPAB benchmark?
European urban coliving stabilises at €1,200–€2,000 per bed per month for mid-market product, €2,000+ for premium gateway-city assets. US gateway markets run $1,700–$2,900. Benchmarks vary widely by city, the tool's benchmark band is calibrated against the Knight Frank European Coliving Report 2024 and Coliving Insights European Index 2025.
What inputs do I need?
Five numbers: total beds in your property, days in the measurement period, occupied bed-nights in the period, total revenue in the period, and your operating currency. Most operators have all of these in their PMS export.
Can I use this for portfolio-level RevPAB?
Yes. Sum total beds, occupied bed-nights and revenue across your portfolio, then plug in the totals. The result is your portfolio-weighted RevPAB. For institutional reporting, also break it out per property to spot underperformers.

Need help reading what your RevPAB is telling you?

Our advisory team works with operators on revenue management, pricing strategy and occupancy diagnostics, the levers that move RevPAB.

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