What does OCCUPANCY RATE. stand for?

What does OCCUPANCY RATE. mean? We have 2 definitions. Read most used OCCUPANCY RATE. meanings below.

OCCUPANCY RATE. — The percentage of hotel rooms occupied during a specific time period, omitting rooms not available for one reason or another.
DOUBLE OCCUPANCY RATE. — The rate charged when two people will occupy a room, suite, apartment, etc. For example, a hotel might charge an individual $100 per night for a room (single occupancy) but charge two people only $130

ADVERTISEMENT

Related Acronym Searches