1. What is Occupancy Percentage?

Occupancy percentage is a metric that shows what proportion of available spaces or units are currently being used. It's commonly used in real estate, hospitality, healthcare, and facility management.

2. How Does the Calculator Work?

The calculator uses the occupancy formula:

Where:

• \( Occupied \) — Number of occupied units/spaces
• \( Total \) — Total number of available units/spaces

Explanation: The formula calculates the percentage of total capacity that is currently being utilized.

3. Importance of Occupancy Calculation

Details: Occupancy rates help businesses measure utilization efficiency, forecast revenue, and make operational decisions about staffing, maintenance, and expansion.

4. Using the Calculator

Tips: Enter the number of occupied units and total available units. Both values must be positive numbers, and occupied cannot exceed total.

5. Frequently Asked Questions (FAQ)

Q1: What is a good occupancy percentage?
A: Ideal occupancy varies by industry. Hotels typically aim for 70-95%, while hospitals may target 85-90%. Commercial real estate considers 90%+ excellent.

Q2: How often should occupancy be calculated?
A: Most businesses track it daily, weekly, and monthly. High-turnover operations (like hotels) may monitor it in real-time.

Q3: What's the difference between occupancy and utilization?
A: Occupancy measures physical space usage, while utilization often considers how effectively the space is being used (e.g., bed days vs. procedures in a hospital).

Q4: Can occupancy exceed 100%?
A: Normally no, but some industries calculate it differently (e.g., hospitals may count temporary beds, resulting in >100% occupancy).

Q5: How does seasonality affect occupancy?
A: Many industries see significant seasonal fluctuations (resorts in summer, ski lodges in winter), so annual averages are often more meaningful than point-in-time measurements.