Difference Between Occupancy Rate and RevPAR
Occupancy rate and Revenue Per Available Room (RevPAR) are two crucial hospitality industry metrics, but they measure different aspects of performance. The occupancy rate is the percentage of available accommodations sold during a given time frame. It is determined by dividing the number of sold rooms by the available spaces. This metric measures how efficiently a hotel occupies its rooms but does not account for the revenue generated by each room.