1. What is Occupancy Percentage?

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

2. How Does the Calculator Work?

The calculator uses the occupancy percentage formula:

Where:

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

Explanation: The formula calculates the ratio of occupied to total spaces, then converts it to a percentage by multiplying by 100.

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 rates vary by industry. Hotels typically aim for 70-95%, while hospitals may target 85-90%. Commercial real estate considers 90%+ as strong.

Q2: How often should occupancy be calculated?
A: Most businesses calculate daily, weekly, and monthly occupancy rates to track trends and seasonality.

Q3: What's the difference between occupancy and utilization?
A: Occupancy measures physical space usage, while utilization often refers to how effectively the space is being used.

Q4: Can occupancy exceed 100%?
A: Normally no, unless you're counting temporary overcapacity situations like extra beds in hospitals.

Q5: How does this relate to vacancy rates?
A: Vacancy rate = 100% - Occupancy rate. They're complementary metrics showing opposite perspectives.