Definition of occupancy in English:

occupancy

Syllabification: oc·cu·pan·cy
Pronunciation: /ˈäkyəpənsē
 
/

noun

  • 1The action or fact of occupying a place: the house is finally ready for occupancy
    More example sentences
    • ‘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, living, lease, holding, possession
    formal dwelling
  • 1.1The proportion of accommodations occupied or in use, typically in a hotel: the 70 percent occupancy needed to give a profit
    More example sentences
    • 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.

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