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What does the term 'occupancy rate' refer to in hotel management?
What does the term 'occupancy rate' refer to in hotel management?
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Practice Questions
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What does the term 'occupancy rate' refer to in hotel management?
The percentage of available rooms that are booked
The total number of guests staying in a hotel
The average length of stay for guests
The revenue generated per available room
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Occupancy rate is defined as the percentage of available rooms that are booked, indicating the hotel's performance.
Questions & Step-by-step Solutions
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Q
Q: What does the term 'occupancy rate' refer to in hotel management?
Solution:
Occupancy rate is defined as the percentage of available rooms that are booked, indicating the hotel's performance.
Steps: 5
Show Steps
Step 1: Understand that hotels have a certain number of rooms available for guests.
Step 2: Know that the occupancy rate measures how many of those rooms are actually booked by guests.
Step 3: Calculate the occupancy rate by dividing the number of booked rooms by the total number of available rooms.
Step 4: Multiply the result by 100 to get a percentage.
Step 5: Use this percentage to evaluate how well the hotel is performing in terms of attracting guests.
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