21st September 2018

mashvisor
8

What is the average occupancy rate of Airbnb?

The Airbnb occupancy rate can differ significantly not only between cities but also between neighborhoods in the same city. For example, the Airbnb occupancy rate reaches nearly 80% in some areas of Los Angeles, while others exhibit much lower rates, resulting in a city average of 55.6%, which is quite good.

So, how do you calculate occupancy rate?

It is calculated by dividing the total number of rooms occupied by the total number of rooms available times 100, e.g. 75% occupancy. To increase your occupancy rate, you can employ strategies using length of stay restrictions.

What is the average occupancy rate for a hotel?

The occupancy rate is usually used alongside two other statistical units, the average daily rate (ADR) and revenue per available room (RevPAR), to measure a hotel's performance. In 2017, Europe had the highest hotel occupancy rate worldwide at 71.9 percent, followed by the Asia Pacific region at 70.9 percent.

How do you calculate the occupancy percentage?

You can calculate a single month's physical occupancy by dividing the number of units available into the number of occupied units. Multiply by 100 to express as a percentage. Suppose you have a property with 75 units, and 69 are occupied. Divided out, this works out to 92 percent occupancy.
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