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Occupancy Rate Calculator

Definition

The occupancy rate is the ratio of the number of occupied rooms to the total number of rooms available, expressed as a percentage. It is a key metric in the hospitality industry for assessing the performance of a hotel or rental property.

Formula

To calculate the occupancy rate, use the formula:

$\text{Occupancy Rate} = \left( \frac{\text{Number of occupied rooms}}{\text{Total number of rooms} - \text{Number of rooms in maintenance}} \right) \times 100$

Example

Consider a hotel with the following details:

Total number of rooms: 200
Number of rooms in maintenance: 3
Number of occupied rooms: 150

To calculate the occupancy rate:

Calculate the number of available rooms: 200 - 3 = 197
Calculate the occupancy rate: $\left( \frac{150}{197} \right) \times 100 = 76.14\%$

Therefore, the occupancy rate is 76.14%.

Occupancy Rate Calculator

Calculate Occupancy Rate

Definition

Formula

Example