Occupancy


Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

Occupancy

The state of living or maintaining an office in a designated building or portion thereof. For example, one who rents a house may take up occupancy on the first day of the lease.
References in periodicals archive ?
In the case study from the office building, the plug-load consumption is directly related to the occupancy rate (87%) compared to the total electricity consumption in the building.
Occupancy sensors have the highest market share in developed economies, North America accounted for a share of approximately 40% in 2013.
The most common direct method in industry is through occupancy sensor, including passive infrared occupancy sensors, ultrasonic occupancy sensors, and etc..
Average hotel occupancy rose across the GCC in January, except for Oman where it eased slightly to 66.3 per cent, despite a -6 per cent m/m decline in RevPAR.
Occupancy rates at Beirut hotels were 49 percent in January, climbing up to 60 and 58 percent respectively in February and March 2013.
Despite economic headwinds, occupancy costs increased by an average of 2.1% worldwide over the past year, led by the Americas with a 5.2% annual increase and Asia Pacific with a 2.6% increase.
However, Heathrow and Gatwick, in the west and south of London and therefore less convenient for Olympic venues, have reported occupancy declines for the Olympic period.'
The researchers used the number of WiFi connections as a proxy for occupancy.
Eight major markets-New York; Minneapolis; Austin; San Jose, California; Cleveland; Orange County, California; Chicago; and Denver-increased occupancy by more than 100 basis points since May 2010, all with occupancy rates above 95 percent.
Makkah also reported the highest rate of occupancy in sold furnished flats throughout the country with 5.13 million flats and a growth
Makkah also reported the highest rate of occupancy of sold furnished flats throughout the kingdom with 5,133,572, a growth rate of 47.5 per cent.
"As with everything, when occupancy rates go up, fares go up.