Occupancy Rate
What is the meaning / definition of Occupancy (OCC) in the hospitality industry?
It is a Hotel KPI calculation that shows the percentage of available rooms or beds being sold for a certain period of time.
It is important for hotels to keep track of this data on a daily basis to identify the average daily rate, forecast and apply revenue management.
How do you calculate a hotels Occupancy Rate?
OCC Formula: Rooms Sold / Room Available
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As CEO and Founder of Xotels, Patrick Landman has made it his mission to turn independent hotels and resorts into local market leaders. Xotels´ diverse expertise and deep-knowledge across
hotel management,
hotel operator,
asset management,
hotel consulting, and
revenue management services, enables them to drive results for independent boutique hotels, luxury eco-resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.
