The occupancy rate is a performance metric used in the hotel industry to measure the percentage of available rooms that are occupied by guests at a given time. It is calculated by dividing the number of occupied rooms by the total number of available rooms, then multiplying by 100 to get a percentage. For example, if a hotel has 100 rooms and 80 are occupied, the occupancy rate is 80%. Understand more about Occupancy Rate (OCR)
(Number of Occupied Rooms / Number of Available Rooms) * 100
Occupancy Rate (OCR)
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