occupancy rate


Also found in: Thesaurus, Medical, Financial, Acronyms, Encyclopedia.
Related to occupancy rate: Average daily rate, bed occupancy rate
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.occupancy rate - the percentage of all rental units (as in hotels) are occupied or rented at a given time
pct, per centum, percent, percentage - a proportion in relation to a whole (which is usually the amount per hundred)
hospital occupancy - occupancy rate for hospitals
hotel occupancy - occupancy rate for hotels
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
In comparison, Sunday was the weaker performing day of the week with an occupancy rate of just 56%.
In June 2012, Bulgaria topped the Eurostat ranking for net occupancy rates in hotels and similar establishments, scoring 89.4%.
Two California apartment markets lead the nation in rent growth, while New York City apartments rank highest in occupancy rates, according to Axiometrics Inc., Dallas.
Senior housing is showing marginal improvement in occupancy rates and increasing year-over-year rent growth, while experiencing slowed construction and less inventory hitting the marketplace, according to information from the National Investment Center for the Seniors Housing and Care Industry.
"We have been having an average occupancy rate of above 65 percent and I think that is a healthy rate," he added.
A report by business advisory firm Deloitte showed that Sydney hotels were 83.5 percent full in 2010, ahead of occupancy rates in Seoul (82.4 percent) and London (82.1 percent), reports the Age.
To meet such an occupancy rate, the average number of hotel rooms likely to be required per day is 40,190.
When hospital bed occupancy rates were high MRSA infection rates increased.
Kempinski Hotel Mall of the Emirates enjoyed a bright summer with occupancy rates topping last year's figures.
Meanwhile, Beirut's hospitality industry ranked first in the region as the average hotel occupancy rate in Beirut increased by 69.4 percent due to the large flow of tourists to Lebanon.
He attributed the higher hotel occupancy rate in Jeddah to several factors,including the spring holidays coinciding with the first quarter of the current year.
Jumeirah Group, a Dubai-based hotel chain, enjoyed a 90 percent occupancy rate in February, in spite of the effects of the global economic downturn on the world's tourism industry, reports AME Info .