What is the average hotel occupancy rate in the US?
According to information from hotel industry data analysis company STR for the week of July 4-10, occupancy at U.S. hotels and resorts was 67.2 percent, down 9.3 percent from the comparable week in 2019.
What is hotel occupancy rate now?
Top Markets Among the Top 25 Markets, Houston saw the highest occupancy increase over 2019, up 4.3 percent to 62.5 percent. In California, San Francisco/San Mateo experienced the steepest decline in occupancy when compared with 2019, dropping 38.6 percent to 55.9 percent.
How do you calculate monthly room occupancy?
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.
How is hotel occupancy calculated?
Room occupancy formula The rate will be different depending on the length of time you consider. Calculated your occupancy rate by dividing the total number of rooms occupied by the total number of rooms available times 100, e.g. 75% occupancy.
How is restaurant occupancy calculated?
To determine the occupant load, you measure the square footage of a given area and divide it by the allowed square feet per person. For example, a 500 square-foot kitchen would have an occupant load of 5 people, given the maximum of 100 square feet per person listed in the table above.
What is the occupancy rate?
Occupancy rate is the ratio of rented or used space to the total amount of available space. Analysts use occupancy rates when discussing senior housing, hospitals, bed-and-breakfasts, hotels, and rental units, among other categories.
How do you calculate year to date occupancy?
To calculate YTD, subtract its value on January 1st from its current value. Divide the difference by the value on January 1st. Multiply the result by 100 to convert the figure to a percentage.
What is restaurant occupancy?
While some states have limited restaurant seating capacity at 25% to 50%, California strayed from implementing an occupany cap. Newsom said he and state health officials are more keenly focused on physical distancing at restaurants. “What we want is physical distancing.”