The formula to calculate the Occupancy Percentage is:
OP=ORTR×100
Where:
Occupancy Percentage is a measure of the utilization of available rooms in a facility, such as a hotel. It is calculated by dividing the number of occupied rooms by the total number of available rooms and multiplying by 100 to get a percentage.
Let's assume the following values:
Using the formula to calculate the Occupancy Percentage:
OP=150200×100=75%
The Occupancy Percentage is 75%.