๐จ Whether you run a hotel, manage rental properties, or organize events, knowing your occupancy percentage is super helpful. It tells you how full your space is โ and that means how well you’re doing! ๐
Letโs walk through what it means and how to calculate it.
Table of Contents
โ๏ธ Occupancy Percentage Calculator
๐ What Is Occupancy Percentage?
Occupancy percentage (or occupancy rate) is a measure of how many available units (like rooms, seats, or spaces) are actually occupied over a certain period of time.
Itโs used in:
- Hotels and resorts
- Real estate and rentals
- Event planning
- Healthcare (like hospital beds)
โ๏ธ The Formula for Occupancy Percentage
Here's the simple formula:
Occupancy % = (Occupied Units รท Available Units) ร 100
โ Example
Letโs say you manage a hotel with 100 rooms, and 75 rooms are booked for the night.
Step 1: Plug into the formula
Occupancy % = (75 รท 100) ร 100 = 75%
๐ That means your hotel has a 75% occupancy rate.
โจ Why It Matters
Occupancy percentage tells you:
- How well you're using your space
- If your business is growing or slowing down
- When you might need to adjust pricing, staffing, or marketing
Itโs especially important in hospitality and real estate, where maximizing occupancy = more revenue ๐ธ
๐ Quick Tip
Always use the same time frame when comparing:
- Daily vs weekly
- Month-to-month
- Year-to-year
For example, comparing Saturdayโs occupancy to the whole month isnโt helpful โ but comparing Saturdays this month vs last month is!