From the Wyo Stays team. The words you'll hear, decoded — no jargon left standing.
- ADR (Average Daily Rate) — your average nightly price over a period. Revenue ÷ nights booked.
- Occupancy — the share of available nights that got booked.
- RevPAR (Revenue Per Available Rental night) — ADR × occupancy. The single best "how's it really doing" number, because it blends price and fill.
- LOS (Length of Stay) — how many nights a booking runs. Longer stays cut turnover cost.
- Orphan / gap night — a lone open night between bookings that's hard to fill. Pricing and min-stay rules manage these.
- Minimum stay (min-night) — the fewest nights a guest can book.
- Lead time — how far ahead guests book. Shapes your pricing calendar.
- Pickup / pacing — how bookings are accumulating for a future date vs. expectation.
- Comp set — the comparable properties you benchmark against.
- OTA (Online Travel Agency) — Airbnb, Vrbo, Booking.com — the channels that charge fees.
- Direct booking — a reservation through your own site, skipping OTA fees.
- Dynamic pricing — automatically adjusting nightly rates by demand and season.
- Cost segregation — a tax study that accelerates depreciation (see the Tax Advantage Guide).
- DSCR — a loan qualified on the property's cash flow, not your income (see Financing an STR).
- Cap rate — NOI ÷ price; a financing-agnostic yield comparison.
- Cash-on-cash return — annual cash flow ÷ cash invested; what your money's actually earning.
→ Explore the vault to go deeper on any of these.