unoccupiedrate
nounUK /ʌnˈɒkjupaɪd reɪt/
US /ʌnˈɑːkjupaɪd reɪt/
The unoccupied rate is the share of places, like rooms or seats, that no one is using.
The hotel's unoccupied rate went up in winter because fewer people came to stay.
RELATED WORDS
OTHER MEANINGS
2. The percentage of rental homes or offices that have no tenants.
Landlords watched the unoccupied rate climb as more offices sat empty.
3. The proportion of parking spaces or seats that are not in use at a given time.
The stadium's unoccupied rate was high during the weekday match.
4. A measure of how much equipment or machinery is not being used.
The factory tracked its unoccupied rate to decide whether to buy more machines.