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English definition of “occupancy”

occupancy

noun [U]
 
 
/ˈɒkjʊpənsi/ formal PROPERTY
the number of things such as hotel rooms or offices that are being used, in relation to the total number available: The business park is running at 100% occupancy. The Paradise Island hotel has an occupancy rate of more than 90%.
→ See also certificate of occupancy
(Definition of occupancy from the Cambridge Business English Dictionary © Cambridge University Press)
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