What is Travel+Leisure Co Average Occupancy Rate %?
Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.
Travel+Leisure Co's Average Occupancy Rate % for the quarter that ended in Mar. 2018 was 50.70%
, which is lower than
52.00% for the pervious quarter ended in Dec. 2017.
Travel+Leisure Co's Average Occupancy Rate % for the annual that ended in Dec. 2017 was 55.10%
, which is higher than
54.40% for the pervious year ended in Dec. 2016.
The historical rank and industry rank for Travel+Leisure Co's Average Occupancy Rate % or its related term are showing as below:
TNL's Average Occupancy Rate % is not ranked *
in the Travel & Leisure industry.
Industry Median: * Ranked among companies with meaningful Average Occupancy Rate % only.
Travel+Leisure Co Average Occupancy Rate % Historical Data
The historical data trend for Travel+Leisure Co's Average Occupancy Rate % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Travel+Leisure Co's Average Occupancy Rate %
For the Travel Services subindustry, Travel+Leisure Co's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Travel+Leisure Co (NYSE:TNL) Average Occupancy Rate % Calculation
Average Occupancy Rate % is calculated as
Average Occupancy Rate %
=
Number of Occupied Rooms
/
Number of Available Rooms
*
100%
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Travel+Leisure Co (NYSE:TNL) Average Occupancy Rate % Explanation
Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.
For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.
Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.
Travel+Leisure Co Average Occupancy Rate % Related Terms
Thank you for viewing the detailed overview of Travel+Leisure Co's Average Occupancy Rate % provided by GuruFocus.com. Please click on the following links to see related term pages.
Travel+Leisure Co (Travel+Leisure Co) Business Description
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.
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