Vacancy Rate
Categories: Real Estate, Metrics
You have a hotel. It has 100 rooms. They're all the same shoebox-y size. No tell motel.
In the course of a year, you have 365 days x 100 rooms, or 36,500 room-nights. Last year, you sold 30,000 room-nights and had 6,500 room-night vacancies. So your vacancy rate was 6,500 over 36,500 or 17.8%. Your occupancy rate then, was 30,000 over 36,500 or 82.2%.
Lots of customers. Apparently, a lot of telling about the no tell motel.
