Which of the following metrics is critical for comparing properties of different sizes?

RevPAR, or Revenue per Available Room, is a critical metric for comparing properties of different sizes because it standardizes revenue performance across various property scales. By measuring revenue generated per available room, RevPAR provides insight into how effectively a property is generating income from its room inventory, irrespective of the total number of rooms.

This metric is particularly useful for stakeholders and investors who want to evaluate and compare the performance of hotels, inns, or other types of lodging facilities on a level playing field. Two properties with different sizes can be contrasted meaningfully through their RevPAR, allowing analysts to assess efficiency and revenue generation capabilities without the bias introduced by differing room counts.

Other metrics, like Average Daily Rate (ADR) and Occupancy Rate, offer insights into specific aspects of a property's performance but do not inherently account for the size of the property when making comparisons. Gross Revenue, while indicative of total income, can complicate comparisons since larger properties naturally generate more revenue, regardless of their operational efficiency or the revenue they yield per available room. Thus, RevPAR stands out as the most effective metric for this purpose.