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 hotels and resorts into local market leaders. XOTELS´ diverse expertise and deep-knowledge across
revenue management consulting,
hotel management, and
hotel consulting, enables us to drive results for independent boutique hotels, luxury resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.
