occupancy rate


Also found in: Dictionary, Thesaurus, Medical, Financial, Acronyms.
Related to occupancy rate: Average daily rate, bed occupancy rate

occupancy rate

The total number of persons per room, housing unit, etc.
Mentioned in ?
References in periodicals archive ?
The occupancy rate in March was little changed from last year's levels -- at 73.
The two firms had almost identical occupancy rates - 77 percent for Flake Tabor and 78 percent for Barnes Quinn.
Shoukry said that the reason behind the improved occupancy rates is the relative proximity to Cairo, and the low accommodation prices in Alexandria.
In parallel, HVS said that the average occupancy rate at Beirut hotels was 49 percent in 2014, similar to the occupancy rate of Salalah in Oman, and constituted the seventh-lowest rate among 36 Arab cities covered by the survey.
Novotel Al Dana manager Laurent Noury affirmed a 30pc increase in August compared with last year, bringing the occupancy rate to a total of 85pc.
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.
Most notably, Jeddah, with an overall occupancy rate of 80.
Elsewhere in Gwynedd at Aberdyfi harbour the occupancy rate over the same period fell from 95% to 79.
The highest rate of occupancy was for properties of 150 to 299 rooms, in which the occupancy rate reached 56.
5%) occupancy rates dropped slightly from the third quarter of 2003.
The five-star Hilton, for example, reached a 61% occupancy rate in 2000, compared to 52% in 1999.
The 1999 Property Market Report released in March found that the occupancy rate in Kuala Lumpur had declined to 49.