Occupancy

usgb/ˈɑːkjəpənsi/
noun

The condition of using a place, such as a seat or room, or being occupied.

The hotel has a high occupancy rate during the summer months.
Visual representation of "occupancy" - The condition of using a place, such as a seat or room, or being occupied.

Often appears as...

  • hotel occupancy
  • occupancy rate
Definition 1 of 4
Visual representation of "occupancy"
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Business Context

Often used in business, particularly in hotels or real estate to discuss space usage.

Illustration for Business Context
The occupancy levels will determine our quarterly profits.
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Not Just Physical

Occupancy doesn't only refer to physical presence; it's also about legal or official usage rights.

Illustration for Not Just Physical
Though vacant, the old mansion still has legal occupancy.
Visual representation of the word "Occupancy"

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