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Depends on occupancy.
To determine the maximum occupancy of a room, you generally consider the building code regulations, which often specify a certain number of square feet per person. You can calculate the room's usable area by measuring its dimensions and subtracting any space occupied by furniture or fixtures. Additionally, factors such as exits, fire safety requirements, and the intended use of the room can influence occupancy limits. Always consult local regulations for precise guidelines.
Learn how many of the units in a condominum are lived in by their owners, and then divide that number by the total number of units there.
Average number of nights occupied per room = Number of nights occupied from January to December / Number of rooms.Occupancy rate = 100 * Average number of nights occupied per room /365
Average Transient Rate