What is the occupancy percentage of a hotel?
What is the occupancy percentage of a hotel? Occupancy rate is the percentage of occupied rooms in your property at a given time. It is one of the most high-level indicators of success and is calculated by dividing the total number of rooms occupied, by the total number of rooms available, times 100, creating a percentage such as 75% occupancy.
What does RevPAR mean in hotels?
Understanding Revenue Per Available Room (RevPAR) RevPAR is a metric used in the hospitality industry to assess a property's ability to fill its available rooms at an average rate. An increase in a property's RevPAR means that its average room rate or its occupancy rate is improving.
What is maximum guest occupancy?
Maximum Occupancy is the maximum amount of guests that can stay in a room. For example, if a room has a single bed and a double bed, then the maximum amount of people that can stay in the room is 3, and so 3 is the Maximum Occupancy of the room.
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.