Occupancy

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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 ?

Projected occupancies for New York are "flat at 84 percent for both years," said Fox.

Competitive conditions cause slowdown in hotel profits

2) Nine times since 1929, hotel occupancies have increased during the first year of the administration.

Fearless Projections Show Hotel Occupancies `Key Indicator' of Presidential Election Outcome; Hospitality Research Group uses historical data to predict winner

This creates a situation where the number of new hotel rooms is growing faster than the demand for the new accommodations, thus occupancies decline.