You can quickly see how each of your listings are performing without visiting each listing's performance page.
From your dashboard, just click on the carrot button to the right of your listing's name (as shown above) to expand the listing's details.
If you have multiple listings, this snapshot saves you valuable time. You can quickly view the daily prices over the next 6 months without going into each listing's calendar.
You have the ability to see the occupancy rate for your listing as well as the average occupancy rate for your market. This gives you a better idea how well your listing is performing compared to the local market.
Understanding the Occupancy Chart
The Occupancy chart provides you with the average rate for each month, so you can see how filled up your listing is for the past year.
Wheelhouse calculates occupancy rate as the number of booked days divided by the number of bookable days in a month. Therefore, blocked days are ignored.
Understanding the Revenue Chart
From your listing's Performance page, you can review how much your listing has made!
The revenue chart shows the total amount of revenue your listing earned for each month. Reservations that span across multiple months will be split up accordingly.
Understanding the Average Stay Length chart
The average stay length chart gives you the ability to see how long your guests are staying in your property for a given month.
In conjunction with the other performance charts available in Wheelhouse, having longer stays could be lead to more revenue and less cleaning fees.
Understanding the Average Daily Rate Chart
The average daily rate chart gives you the ability to see the average daily rate of booked day in a given month.
While the average daily rate metric is commonly used for revenue management within the hotel industry, short-term rental hosts have actionable insights by tracking the performance of their listing month by month.
Understanding the Revenue Per Available Night Chart
Revenue Per Available Night (or RevPAR) gives you a snapshot of how well your listing is booking and for how much by incorporating your revenue and occupancy for a given month.
To calculate the Revenue Per Available Night, you would take the total amount of revenue including cleaning fee and divide that by the number of bookable nights for each month.
Your listing earned $3,000 last month and you only had 25 days available.
$3000 / 25 days = $120 per day is your RevPAR.
Understanding the Average Booking Lead Time Chart
The Average Booking Lead Time lets you know how far your guests are booking in advance.
Knowing your average booking lead time can help you fine tune your prices.
Long lead time can mean your prices are on the lower end and guests are booking up your place quickly.
Short lead time could mean your prices are too high and guests are waiting for the prices to drop.