Occupancy Forecast %
`"Occupancy Forecast %" = "Rooms Forecasted to be Sold" / "Rooms Available for Sale" `
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Occupancy Forecast Ratio finds the percentage of the company's predicted occupancy forecast. In real estate, occupancy ratio is the number of units in a building that have been rented out as compared to the total number of units in the building.
Resource:
- Dopson, Lea R., and David K. Hayes. Managerial Accounting for the Hospitality Industry. Hoboken, NJ: Wiley, 2009. Print.
- "Sales Forecasting Definition - at TrackMaven.com." TrackMaven. N.p., n.d. Web. 08 Aug. 2015.
- "Occupancy Rate Definition | Investopedia." Investopedia. N.p., 21 Nov. 2010. Web. 06 Aug. 2015.
