Occupancy

RECENT NEWS
The Hindu Business Line  Dec 30  Comment 
Bangalore Central Business District (CBD) among top five prime office markets to see nearly 9 per cent drop in yearly occupancy costs. According to CBRE’s semi-annual ‘Global Prime Office...
WA Business News  Dec 19  Comment 
The tourism industry has called for the state government to do more to take advantage of a sharp fall in occupancy and room rates in the state's accommodation sector.
guardian.co.uk  Nov 3  Comment 
Company positive about outlook as economy and consumer confidence in UK improves Property group Intu, which specialises in shopping centres such as Merry Hill in Dudley and Metrocentre in Gateshead, has seen occupancy slip in the last five months...
TechCrunch  Sep 17  Comment 
 Airbnb announced today that it will soon begin collecting and remitting a 14 percent hotel occupancy fee for guest stays occurring in San Francisco. In a blog post, Airbnb’s regional head of public policy David Owen wrote that the policy will...
Channel News Asia  Aug 5  Comment 
The hotel and serviced residence property trust said companies are continuing to restrain their travel spending as a result of the lingering economic uncertainty.
Channel News Asia  Jul 24  Comment 
The Government will continue to monitor the overall industrial property market and, where necessary, release more land with a range of sizes to suit different industry needs, JTC says.
The Straits Times  Apr 3  Comment 
April 04, 2014 1:00 AM THE strong take-up rate of office space in the second half of last year has continued into the first quarter of this year, a new report has found.     
Reuters  Feb 27  Comment 
Hilton Worldwide Holdings Inc, the world's largest hotel operator, reported a 13 percent rise in quarterly revenue as increasing business and leisure travel pushed up occupancy and room rates.
Wall Street Journal  Jan 31  Comment 
Simon Property Group Inc.'s fourth-quarter profit grew 21% as the nation's largest mall owner reported higher occupancy and rents.




 

For hotels, this means the percentage of rooms that are occupied at a given time; for REITs, this means the percentage of real estate holdings (calculated on a per square foot basis) that are rented at a given time.

Generally, the higher the occupancy the better because the company is earning more revenue than companies with low occupancy. However, this may not always hold true if the company cuts prices to boost its occupancy.

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