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.
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occupancy level

See occupancy rate.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Swansea hotels also experienced a tough month during September - despite occupancy levels being up 3.4% from 76.8% in 2010 to 79.4% in September this year.
Occupancy levels in the Middle East dropped 7.0 per cent to 59.8 per cent and average daily rate (ADR) dipped 18.0 per cent to $124.49, resulting in a 23.7 per cent decline in revenue per available room (RevPAR) to $74.47.
During the first four months of 2014, Cairo witnessed the lowest occupancy level of 27 per cent.
Hotels in the Middle East reported a downward streak in performance in the second quarter of the year as occupancy levels and rates steadily declined from April to June, according to data from STR.
The first-of-its-kind "luxury all inclusive" concept introduced in the UAE at Rixos Bab Al Bahr, Ras Al Khaimah, is bringing instant success for the resort by pushing the occupancy level beyond expectations, according to its top manager.
The apartment complexes in the 702-unit portfolio sale were Quail Run, Coppermill, Gateways, and Woodstone, and have an average occupancy level of 95%.
'At the time of our results on July 1 the contracted occupancy levels stood at 46 per cent and since then we have completed further transactions taking the contracted occupancy level to 62 per cent.'
In both strong market conditions and weak, the building has historically displayed an innate ability to maintain a market leading occupancy level."
Summer is difficult in terms of occupancy level, but weekend guests from other emirates keep hotels busy and it's very important business, Iberotel Miramar general manager Ashraf Helmy told Khaleej Times in an interview.
The increase in demand for holiday cruises comes after a 20 per cent jump in occupancy levels and an 18 per cent rise in capacity during 1999.
An influx of MICE business and the expansion of Qatar Airways' network internationally drove significant increases in occupancy levels and revenues for hotels in Doha in May.
Hotels in Dubai saw a boost in profits and occupancy levels in June following increase in demand from domestic and regional travellers during the summer festival, according to the latest survey by TRI Hospitality Consulting.