What does the term 'occupancy rate' refer to in hotel management?
Correct Answer: Occupancy rate is the percentage of available rooms that are booked.
- 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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