Occupancy Forecast
`"Occupancy Forecast" = "Total Forecast after Adjustments" / "Net Availability" `
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Occupancy Forecasting is the process of a company predicting what its occupancy will be. This forecast is done for a particular period of a time in the near future, usually the next fiscal year.
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.
