Definition

Noun 1. The percentage or proportion of available rooms in a hotel that are currently occupied by guests. This is a specific measurement used in the hospitality industry to gauge business performance and demand.

Usage

This term is primarily used in business, economic, and hospitality management contexts to discuss the performance and health of the hotel sector. * The hotel occupancy rate in the city peaks during the summer festival. * Managers review hotel occupancy data weekly to adjust pricing strategies. * A report showed a sharp decline in hotel occupancy following the travel restrictions.

Advanced Usage

• "to drive/increase/boost hotel occupancy": To cause the occupancy rate to rise.
  • The new convention center is expected to boost hotel occupancy significantly.
• "hotel occupancy tax": A tax levied on hotel rooms, often calculated based on the room rate, that is used to fund local tourism initiatives or infrastructure.
  • Revenue from the hotel occupancy tax funds the city's tourism bureau.

Variants and Related Words

• Occupancy rate (n.): The general term for the percentage of occupied units in any type of property (hotels, hospitals, apartments). "Hotel occupancy" is a specific type of occupancy rate.
• Occupancy (n.): The state of being occupied or lived in. In a hotel context, it can refer to the condition of a room being rented.
  • The occupancy of Suite 301 ends on Friday.

Synonyms

• Room occupancy: A very close synonym, often used interchangeably within the industry.
• Fill rate: A more general business term that can apply to hotels, meaning the percentage of capacity that is sold or used.

Related Phrases

• "to achieve high/full/low hotel occupancy": To reach a specific level of occupancy.
  • The resort aims to achieve full hotel occupancy during the holiday season.
• "hotel occupancy levels": Another way to refer to the rates or percentages of occupancy.
  • Current hotel occupancy levels are above the national average.

Noun

1. occupancy rate for hotels