What does OCC stand for in hotels?
What does OCC stand for in hotels? What is the meaning / definition of Occupancy (OCC) in the hospitality industry? It is a Hotel KPI calculation that shows the percentage of available rooms or beds being sold for a certain period of time.
What does 100% occupancy rate mean?
The occupancy rate of a hotel is expressed as a percentage. So, for example, if a hotel has 100 rooms available to be sold and 100 of those rooms are occupied, the occupancy rate would be 100 percent.
Can a family of 5 stay in one hotel room?
Yes but you need to get one large enough with 2 queen beds and ability to bring in a rollaway bed or perhaps has a sleeper sofa. Comfort Suites and other “suite” type hotels will likely have more room for a larger family.
What is a good occupancy rate?
For many hotels, an ideal occupancy rate is between 70% and 95% - though the sweet spot depends on the number of rooms, location, type of hotel, target guests, and more.
What is the average rate per guest?
Average Rate per Guest: it is the average Rate per Guest and is calculated by the total room revenue divided by the number of guests.