occupancy rate

Friendly

Word: Occupancy Rate

Part of Speech: Noun

Definition: The occupancy rate is the percentage of available rental units (like hotel rooms, apartments, or offices) that are being used or rented at a particular time. It shows how many of these spaces are not empty.

Usage Instructions: You can use "occupancy rate" when discussing hotels, apartments, or any places where people rent spaces. It is often used in business to analyze how well a rental property is performing.

Example: - "The hotel had an occupancy rate of 85% last weekend, which means 85 out of every 100 rooms were booked."

Advanced Usage:

In business discussions or reports, you might see occupancy rate expressed in terms of trends over time, comparisons between different properties, or as a measure of success for real estate investments.

Word Variants:

• Occupancy (noun): The state of being occupied.
• Occupy (verb): To take up space or use a place.

Different Meanings:

1. Occupancy: Refers generally to the act of living in or using a space.

   • Example: "The occupancy of the building was at 100% during the summer months."

2. Occupy: To reside in or use a space.

   • Example: "They occupy the top floor of the building."

Synonyms:

• Usage Rate
• Rental Rate
• Space Utilization

Related Idioms:

• "Full house": This means that a place is completely occupied or filled, often used in the context of events or entertainment.
  • Example: "The concert had a full house last night."

Phrasal Verbs:

While there are no direct phrasal verbs specifically tied to "occupancy rate," you might encounter phrases like "fill up" when discussing how spaces are occupied. - "Fill up": To become full or occupied.

Academic

Noun

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