occupancy
/ˈɒkjəpənsi
/noun (plural occupancies) [mass noun]
1The action or fact of occupying a place: the palace proved unready for occupancy...
- ‘More villas are under construction and will be ready for occupancy very soon,’ said Gu Weizhong of the group.
- It was ready for occupancy in the summer of 1903 and they moved into the four-storey building with full basement.
- The units, which are competitively priced, are ready for immediate occupancy.
Synonyms
occupation, tenancy, tenure, residence, residency, inhabitation, habitation, lease, possession, holding, owner-occupancy, multi-occupancy, use, term
formal dwelling
rare inhabitancy, habitancy, inhabitance, domiciliation
1.1The proportion of hotel or office accommodation occupied or used: 70 per cent occupancy is needed to give a profit [count noun]: average daily room occupancies...
- But hotel room occupancies during the two-week event were said to have been up to 20% lower than expectations.
- Room occupancies and average rates have seen a steady improvement as the hotel adjusts its market mix and product line up.
- High occupancies and room rates have combined to lift operating margins to well over 50 per cent in many cases.