Definitions for **"Occupancy Rate"**

refers to the proportion of the rooms or bed-places in a collective tourism establishment that is occupied over some period of time, such as a night, month or year.

A measure of inpatient health facility use, determined by dividing available bed days by patient days. It measures the average percentage of a hospital's beds occupied and may be institution-wide or specific for one department or service.

The percentage of total rental units occupied and producing income.

the occupancy rate of a hotel measures the number of hotel nights sold as a percentage of the number of room nights available. It is calculated by dividing the total number of rooms sold by the number of rooms available.

As used in the Income Approach -- 1) The actual rate or percentage of occupancy of an income-producing property. The occupancy rate can be expressed as a percentage or number. 2) The forecasted rate of occupancy of an income property. For example, an apartment community with an occupancy rate over 100 percent has an actual occupancy of 100 percent plus a waiting list of prospective tenants who have agreed to lease the first available units.

The percentage of the bed capacity (of a hospital or nursing home) that is occupied on the average. Formula

Occupancy rate in the hotel industry is a measure of the observed occupancy percentage of a hotel property on any given night. Occupancy rate is often used as a measure of performance, especially when the managerial perspective is the Percentage Sold Approach. However, today, most firms that utilize modern revenue yield management practices recognize that this is only a second best measure, compared to revenue yield, which maximizes revenue -- even when some rooms go unsold on a given night.

is a measure, expressed as a percentage, of the success of a property's leasing activities. It is calculated as the ratio of leased space over total available space measured by square footage. Cadillac Fairview's calculated occupancy rate excludes the retail space leased to anchor tenants.

Hospital occupancy rate is defined as the average daily census divided by the average number of hospital beds during a reporting period. The occupancy rate for facilities other than hospitals is calculated as the number of residents reported at the time of the interview divided by the number of beds reported.

the percentage of all rental units (as in hotels) are occupied or rented at a given time

This assumption indicates the amount of time over the course of a year that the property has a paying tenant. When analyzing applicants financial strength, lenders typically assume that investment properties will be occupied 75% of the time (9 months per year). Many investors would consider this to be more conservative than their actual occupancy rates. This assumption is used to calculate annual income and monthly income on the property pro forma. By signing multiyear leases it is possible to get occupancy rates in the 90% range.

The average number of people living in occupied private dwellings.

The percentage of occupied units in a particular area.

The ratio of space rented to the total amount of rentable space.

The percentage of the existing stock that is occupied. Occupancy rate is used for hotel rooms (see Vacancy Rate).

The relationship or ratio between the income received from the rented units in a property and the income that would be received if all the units were occupied.

The percentage of space or units that are leased or occupied.... read full article

The average proportion of staffed beds occupied by inpatients during the reporting period; calculated by dividing the number of staffed beds by the average daily census. This rate is an estimate since it is based on the number of staffed beds at the end of the reporting period and does not reflect changes in the number of staffed beds during the period.

The percentage of a defined market, submarket, or building that contains tenants.

The number of units currently occupied in a facility, neighborhood or city, stated as a percentage of total capacity.

The percentage of available rental space that is actually rented and in use in a given building or community.

Ratio of average daily census to the average number of authorized operating beds maintained during the reporting period.

The percentage of properties in a given area that are occupied.

Percentage of currently rented units in a building, neighborhood, complex, or city.

The percent of hotel rooms expected to be filled during a specific time period.

A formula, expressed as a percentage, used in the study of occupancy trends; the amount of space occupied is divided by the total available space; occupancy rate may be calculated on the basis of units or square feet.

Number of single versus double occupancy rooms used by attendees.

The percentage of rooms occupied as compared with the total number of rooms available and measured in a specified time frame.