What does occupancy rate mean?
Definitions for occupancy rate
oc·cu·pan·cy rate
This dictionary definitions page includes all the possible meanings, example usage and translations of the word occupancy rate.
Princeton's WordNet
occupancy ratenoun
the percentage of all rental units (as in hotels) are occupied or rented at a given time
ChatGPT
occupancy rate
Occupancy rate is a measure often used in various industries to indicate the percentage of occupied resources or capacity. It is usually calculated by dividing the number of utilized units by the total number of available units, and then multiplied by 100 to get a percentage. It is typically used in sectors such as real estate, hospitality, health care, and data centers to evaluate performance, efficiency, and profitability.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of occupancy rate in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of occupancy rate in Pythagorean Numerology is: 1
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"occupancy rate." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/occupancy+rate>.
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