Calculate a hotel’s occupancy rate index from your occupancy and the market’s, or get occupancy rate percentage from rooms sold and rooms available.

Index = your occupancy ÷ market occupancy × 100. 100 means you match the market.

Occupancy of your competitive set or market for the same period, e.g. from an STR report.

Optional settings

Occupancy Rate Index Formula

The following formula is used to calculate an occupancy rate index.

ORI = OCC / C - OCC
  • Where ORI is the occupancy rate index
  • OCC is your hotel’s occupancy percentage
  • C-OCC is your competitor’s occupancy percentage

To calculate the occupancy rate index, divide the hotel’s occupancy rate by the competitor’s occupancy rate.

Occupancy Rate Index Definition

An occupancy rate is defined as the ratio of occupancy of your hotel compared to that of a competitor or set of competitors.

Occupancy Rate Index Example

How to calculate an occupancy rate index?

  1. First, determine your hotel’s occupancy percentage.

    Calculate your hotel’s occupancy percentage by dividing the total rooms booked by the total rooms available and multiplying by 100.

  2. Next, determine your competitor’s occupancy percentage.

    Using the same method as step one, calculate the occupancy percentage of your competitor.

  3. Finally, calculate the occupancy index using the equation above.

    Using the equation above calculate your occupancy rate index.

FAQ

What is an occupancy rate index?

An occupancy rate index is defined as the ratio of your occupancy percentage to a competitor or set of competitors’ occupancy percentages.