Short-stay rental (Airbnb) business financial model, built free.
A three-statement Excel model for a short-stay rental host and manager, built from your own figures and checked to balance.
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- Usually ready within the hour
We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more
Lists apartments and houses on short-stay platforms — its own, leased from landlords, or managed for owners for a commission — earning nightly booking revenue and cleaning fees after platform fees, with cleaning, linen and owner payouts as the main costs.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and trading multiples, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours: its structure and its inputs, ready for your own figures.
The sample describes no real business. Yours is calibrated to your own figures, so its results are your business’s.
How the model works for a short-stay rental (Airbnb) business.
- How it earns revenue3 formulasRooms revenue · All hotelsRooms revenueOccupied room nightsHotel average daily rate (ADR)Rooms revenue · All hotelsOccupied room nightsAvailable room nightsHotel occupancyFood, beverage and other revenue · All hotelsFood and beverage revenueF&B revenue from in-house guestsNon-resident F&B and events revenue
- What drives its costs3 formulasManagement and franchise fees · All hotelsFranchise feesFranchise royaltyMarketing, reservations and loyalty feesF&B royaltyDepartmental and undistributed costs · All hotelsDepartmental expensesRooms department expensesFood and beverage department expensesOther departments expensesDepartmental and undistributed costs · All hotelsUndistributed operating expensesFixed undistributed expensesVariable undistributed expenses
- What it invests in3 formulasLeasesPrincipal elements of lease paymentsLease payments (cash)from cashInterest on lease liabilitiesLeasesClosing lease liabilitiesLease 1Lease 2Lease 3Lease 4Lease 5Lease 6LeasesLease payments (cash)Lease 1Lease 2Lease 3Lease 4Lease 5Lease 6
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
22 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Portfolio KPIs (per key, like-for-like)Like-for-like RevPAR growthPortfolio ratios computed from summed room nights and revenue (never by adding hotel ratios).
- LeasesLease register
- Key-metric summaryLast-twelve-month and run-rate metrics
- Sources and uses of fundsBalanced sources and uses
- Burn and runwayRunway to the forecast cash-out date
- Hotel registerRoom inventory changes by yearRooms (keys), opening book value and remaining life for each hotel.
- SeasonalityMonthly seasonal profileIndices that shape occupancy and ADR through the year in monthly or quarterly models.
- Rooms revenueCompetitive set penetration (MPI × ARI)Room nights available and sold, and rooms revenue at the average daily rate.
- Food, beverage and other revenueSpend per occupied room plus non-resident F&BRestaurants, bars, banqueting, conferences, spa, parking and other operated departments.
- Departmental and undistributed costsDepartmental cost ratios plus fixed undistributed costsDepartmental expenses (rooms, food and beverage, other), undistributed operating expenses (administration, sales and marketing, maintenance, utilities) and fixed charges (property taxes, insurance).
- Management and franchise feesFranchise fees (% of rooms revenue)What the hotel owner pays a brand or operator — management fees, franchise fees or variable lease rent.
- Hotel operating profitUSALI summary (GOP and hotel EBITDA)Total revenue, gross operating profit and hotel EBITDA in USALI summary form.
- Like-for-like comparabilityLike-for-like comparability from trading status
The numbers it tracks.
- 01listings under management
- 02nights booked
- 03occupancy
- 04ADR
- 05gross booking value
- 06take rate
- 07contribution per listing
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Looking for a short-stay rental (Airbnb) business financial model template? Ours arrives built for your business, with your figures in it.
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See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.