Jargon Buster
Occupancy
- What does this mean?
-
The proportion of units of accommodation (i.e. seats or spaces) within a venue that are available for use, that has actually been used. Most frequently calculated as percentage occupancy.
Hence the calculation here for percentage occupancy is:
(Number of people occupying a facility on both a paid and unpaid basis) ÷ Number of units of accommodation available for use) × 100
