Calculating Occupancy Rates - Confusion
I am trying figure out how to calculate average occupancy for a hotel portfolio.
I have stabilised and ramp-up.
I have done:
rooms available * Days = Sellable Room Nights
Sellable room nights * occupancy = occupied rooms/room nights sold
When calculating those that are stabilised do you just look at room night sold/available for only stabilised or is it divided by total room nights available , i.e. Stabilised Room night sold/Stabilised room nights available vs Stabilised Room night sold/Total Room nights available
Vice versa with ramp-ups?