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Vacancy Rate (Noun)

Meaning

The percentage of all rental units (as in hotels) that are unoccupied or not rented at a given time.

Classification

Nouns denoting relations between people or things or ideas.

Examples

  • The hotel's vacancy rate had been steadily increasing over the past quarter, causing concerns among investors.
  • Analysts closely monitored the vacancy rate in major cities to gauge the health of the hospitality industry.
  • During peak season, the hotel's vacancy rate dropped to nearly zero, with every room booked solid.
  • After a major renovation, the hotel saw a significant decrease in its vacancy rate, as travelers flocked to experience the upgraded amenities.
  • Industry experts noted that a vacancy rate above 20% was a warning sign of potential financial trouble for a hotel or resort.

Hypernyms

  • Per Centum
  • Pct
  • Percent
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