Word: Vacancy Rate
Definition: The "vacancy rate" is a noun that refers to the percentage of rental units, such as rooms in hotels or apartments, that are not currently occupied or rented out at a specific time.
Usage Instructions: - You can use "vacancy rate" when discussing real estate, hotels, or any rental property situation. - It is often used in business discussions, economic reports, or when talking about housing markets.
Example: - "The hotel has a high vacancy rate this season because many people prefer to travel during the summer."
Advanced Usage: - In real estate analysis, knowing the vacancy rate can help investors decide whether to buy or sell properties. A high vacancy rate might indicate that a property is not desirable or that there is too much competition in the market.
Word Variants: - "Vacancy" (noun): The state of being unoccupied or available. - "Vacant" (adjective): Not occupied; empty.
Different Meaning: - "Vacancy" can also refer to a job position that is available and needs to be filled. For example, "There is a vacancy for a marketing manager at the company."
Synonyms: - Unoccupied rate - Empty rate - Availability rate
Idioms and Phrasal Verbs: - There are no idioms specifically related to "vacancy rate," but you may encounter phrases that discuss occupancy, such as "fully booked" (meaning all rental units are occupied) or "on the market" (when a property is available for rent or sale).