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occupancy rate
(redirected from occupancy level)

   Also found in: Dictionary/thesaurus, Financial 0.01 sec.
occupancy rate
The total number of persons per room, housing unit, etc.


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Alan Clarke, chief executive of One North East, said: "The year 2009 has been a challenging one for the region's economy, but the tourism industry has continued to see a growth with occupancy levels at many of the region's accommodation providers showing an increase on last year.
The news came as figures also revealed self-catering holiday properties in the region had had the best summer on record this year with occupancy levels up by 10% on 2008.
Despite the global economic slowdown, Pride Hotels across the country had close to 70% occupancy levels.
 
 
 
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