Petoskey, MI · Occupancy & ADR
Petoskey occupancy rate and average daily rate
A well-run Petoskey short-term rental models at 54% occupancy — about 197 booked nights a year — at an average daily rate of $252. That works out to $136 of revenue per available night.
Occupancy
54%
197 nights booked
Average daily rate
$252
Revenue per available night
$136
ADR × occupancy
Typical stay length
4.2 nights
≈ 47 turnovers a year
Rate versus nights booked
In Petoskey the two levers move against each other. Modelled outcomes at three pricing positions:
| Pricing position | Nightly rate | Occupancy | Nights | Gross revenue |
|---|---|---|---|---|
| Price 10% under the market | $227 | 60% | 221 | $50,111 |
| Market pricing | $252 | 54% | 197 | $49,669 |
| Price 10% over the market | $277 | 48% | 173 | $48,045 |
The trade-off uses a modelled price elasticity: a 10% price move shifts occupancy by roughly 12% in the opposite direction. Real elasticity varies by property and by season — treat this as a way to frame the decision, not a forecast.
Occupancy by month
| Month | Modelled occupancy | Modelled ADR |
|---|---|---|
| Jan | 38% | $195 |
| Feb | 38% | $195 |
| Mar | 42% | $211 |
| Apr | 49% | $235 |
| May | 60% | $274 |
| Jun | 72% | $314 |
| Jul | 81% | $345 |
| Aug | 78% | $337 |
| Sep | 60% | $274 |
| Oct | 49% | $235 |
| Nov | 40% | $203 |
| Dec | 40% | $203 |
Compare Petoskey with nearby markets
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