occupancy rate

(redirected from Occupancy Levels)
Also found in: Dictionary, Thesaurus, Financial.
Related to Occupancy Levels: occupancy rate

occupancy rate

The total number of persons per room, housing unit, etc.
Mentioned in ?
References in periodicals archive ?
STR analysts note that the year-over-year spike in rooms available (supply) significantly pressured occupancy levels and ultimately RevPAR for the month.
In the comparable month from last year, Tunisia's occupancy level was just 25.
That decrease was driven equally by lower occupancy levels and lower [average daily rate]," STR said.
North West occupancy levels were collectively ahead by 6.
Toby Stephenson, partner at BDO in Birmingham, said: "Although prices paid and occupancy levels are still quite low compared to other cities, the double digit revenue growth is positive and indicates an upturn in form for the hotel sector.
Following the Olympic Games and its success at national awards, Rockliffe Hall in Hurworth, County Durham, has reported an increase in demand, especially in the business tourism sector, with occupancy levels averaging 75% in 2013, a rise on the 68% recorded in 2012, and weekends now regularly 100% occupied.
The agency will monitor closely the financial risk profile of PSPL, as well as its occupancy levels.
According to recent figures from the Bahrain Tourism Company, current occupancy levels were hovering between 20pc and 30pc, up from February and March levels which plummeted to as low as 5pc, according to industry reports.
Manchester occupancy levels rose 1% to 72%; and room rate was up 2.
While 2010 saw varying occupancy levels across the region with some cities performing better than others, overall occupancy levels were good.
The report finds that hotel occupancy levels have remained relatively stable throughout the GCC since 2003 but it illustrates that the economic slowdown has impacted negatively on the region.
Normandy Real Estate Partners announced the company experienced a successful 2008 in leasing activity, including a strong year in leasing income and occupancy levels at company-owned properties.