1. What is Occupancy Percentage?

Occupancy Percentage is a metric that shows what proportion of available capacity is currently being used. It's commonly used in real estate, hospitality, healthcare, and resource management.

2. How Does the Calculator Work?

The calculator uses the Occupancy Percentage formula:

Where:

• \( Used \) — Currently occupied/used units (must be ≤ Available)
• \( Available \) — Total available units

Explanation: The formula calculates what percentage of the total available capacity is currently being utilized.

3. Importance of Occupancy Percentage

Details: Occupancy percentage is crucial for capacity planning, resource allocation, revenue management, and operational efficiency across various industries.

4. Using the Calculator

Tips: Enter the number of used/occupied units and the total available units. Both values must be positive numbers, and used cannot exceed available.

5. Frequently Asked Questions (FAQ)

Q1: What is a good occupancy percentage?
A: This varies by industry. In hotels, 70-95% is typically good. In hospitals, optimal occupancy is often around 85% to allow for surge capacity.

Q2: Can occupancy exceed 100%?
A: Normally no, as it's calculated as Used/Available. However, some industries may report "overcapacity" situations differently.

Q3: How often should occupancy be calculated?
A: Frequency depends on use case - daily for hotels, real-time for emergency rooms, monthly for apartment complexes.

Q4: What's the difference between occupancy and utilization?
A: They're similar but utilization often refers to equipment/space usage over time, while occupancy typically refers to physical space at a point in time.

Q5: How can I improve my occupancy percentage?
A: Strategies include better marketing, dynamic pricing, improving facilities/services, or adjusting available capacity to match demand.