Occupancy is one of the three main indexes used in the science of Revenue Management (along with ADR and RevPAR). It is the percentage of all rental units in the hotel that are occupied at a given time. Occupancy is calculated as: number of occupied rooms/number of total available rooms, and is expressed as a percentage. The three main misconceptions about occupancy that are still prevailing in the hotel industry are: Occupancy should be the target for maximization Occupancy should be forecasted Occupancy should be the indicator and trigger for price adjustments The following article reviews these misconceptions. Get the full story at Hospitality.Net