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occupancy level

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Occupancy Rate
The number of units in a building with renters, expressed as a percentage of all units. For example, an apartment building with 100 units and 40 resident families has a 40% occupancy rate. It is the opposite of the vacancy rate.

occupancy level

See occupancy rate.



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Alan Clarke, chief executive of One North East, said: "The year 2009 has been a challenging one for the region's economy, but the tourism industry has continued to see a growth with occupancy levels at many of the region's accommodation providers showing an increase on last year.
The news came as figures also revealed self-catering holiday properties in the region had had the best summer on record this year with occupancy levels up by 10% on 2008.
Despite the global economic slowdown, Pride Hotels across the country had close to 70% occupancy levels.
 
 
 
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