STR occupancy

STR occupancy — the percentage of available nights a short-term rental is actually booked. Metro Manila’s median runs ~43–49% (2025–26, AirROI/Airbtics) — the single number that separates honest short-term underwriting from the genre’s fantasy: pro-formas at 80% occupancy in a ~45% market are one of Level 3’s named deadly patterns. Underwrite at the district median; let performance above it be upside, never the base case.

First used in: 3.7 · High-yield residential