occupancy rate

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occupancy rate

The total number of persons per room, housing unit, etc.
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In Hurghada, occupancy rates increased to more than 80%, according to Adel Rady, a member of the Red Sea Tourism Investment Association.
Summary: The average occupancy rate at Beirut hotels stood at 56.
The pick-up in hotel occupancy rates stimulated new activity in South Africa's hospitality industry, with a number of major hotel chains, renovating their properties or making plans to open new hotels.
Hatem Munir, secretary of the Red Sea Egyptian Hotel Association is reported to have stated that tourist rates of those coming into Egypt have dropped to as low as 15%, with hotel occupancy rates for the Red Sea region as a whole dropping from 80% to 35% since the trouble began.
Saudi Arabia did not see significant changes in terms of occupancy rates, however the cities of Jeddah, Madina, Makkah and Riyadh all remained at a stable incline across the board.
Mr Andrews said his 350-berth Milford Haven harbour has seen a reduction in occupancy rates of about 7%.
Overall, almost 97 percent of apartments in Los Angeles, Orange, Riverside and San Bernardino counties are currently rented, and those occupancy rates should remain steady this year.
Occupancy rates during the fourth quarter offered slightly better news.
The association's financial and performance indicators, reported quarterly to NIC by the nation's leading lenders, owners/operators and appraisal professionals in the senior living industry, also show that for the assisted living sector as a whole, fourth quarter 2003 occupancy rates held steady from third quarter, with the median and average occupancies at 85 percent.
At the same time, Whetsell pointed out that some money-saving techniques--such as having employees serve in two functions to cut back On additional salary expenses,--might turn off visitors and result in lower occupancy rates.
The hotel industry in Kuala Lumpur has been cheered by first-quarter figures showing average occupancy rates have risen to between 65 and 70 per cent.