What is the meaning / definition of Function Room Occupancy in the hospitality industry?
The measurement term Function Room Occupancy calculates how a hotel is utilising its space. This is done to ensure hotels are effectively using all space available in their public areas. It can also be used to determine if more or less furniture can or should be added. Function Room Occupancy calculation is a standard practice within most Revenue Management strategies.
Formula:
Totally occupied function room space/ Total square footage of function room space available = Function Room Occupancy Percentage
See also:
- Occupancy
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