occupancy rate


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Related to occupancy rate: Average daily rate, bed occupancy rate

occupancy rate

The total number of persons per room, housing unit, etc.
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Swansea's hotel occupancy rate for August was 85%, an increase of just under 3% year on year, generating an increase in revenue of 6.5%.
According to the Statistical Office of the EU, even well-developed tourist destinations like France and Spain registered occupancy rates of 69% and 60.9%, respectively, in June 2012.
Eight major markets-New York; Minneapolis; Austin; San Jose, California; Cleveland; Orange County, California; Chicago; and Denver-increased occupancy by more than 100 basis points since May 2010, all with occupancy rates above 95 percent.
Rebuffing suggestion that the good occupancy rate of the hotel could be because of its proximity to the airport and of transit passengers of Qatar Airways, Khaddouri said only first class transit passengers of Qatar Airways get the Oryx Rotana accommodation.
Currently, the minimum hotel occupancy rate is 74 per cent, which translates into 34,989 rooms.
It also urges hospitals not to let increasing pressure on staff and rising bed occupancy rates this winter to reverse the good work done to reduce MRSA rates.
Kempinski Hotel Mall of the Emirates has enjoyed a good mix of business, leisure and groups, with occupancy rates supported by a large number of return guests from the GCC, who chose to revisit our property after a fantastic experience last summer," said Holger Schroth, General Manager, Kempinski Hotel Mall of the Emirates.
The Deloitte report showed that the revenues fetched from hotel rooms in the Middle East have dipped 12.9% to $142 billion during the first quarter of 2009 while the hotel occupancy rate fell 9%," he said.
That is below the 66 percent average occupancy rate for Manhattan for the three weeks ending January 17, according to Smith Travel Research figures.
The occupancy rate declined from 89.4 percent last year as the total available office space increased to 4.9 million square feet, up from 4.6 million square feet in 2006.
According to the survey, "All of these prices are higher than the room rates charged only Two years ago and unless occupancy rates decline, room prices are likely to stay high." But possible to stay in the best for less?
After leasing 3.8 million square feet during 2005, approximately three times the amount contractually expiring, Brookfield Properties' portfolio-wide occupancy rate finished the year at 94.6%, a 190 basis point improvement from the end of 2004.