Occupancy Rate: What is it and How to Improve it
In order for a hotel to determine its performance level and overall success, they can calculate various results from Key Performance Indicators, or KPIs. One of the KPIs that hotels can utilize is occupancy rate; simply put, the number of rooms that are in use during a given day or time period divided by the total number of rooms. Success is measured many different ways in the hotel industry, but occupancy rate is one of the most important factors to managing a hotel. <