Strong Local Economy
Growing Business Investment
Status Indicators: Proceeding as Anticipated | Monitoring Progress | Reviewing for Improvement | Information Unavailable
Proceeding as Anticipated
Reviewing for Improvement
Measure and Definition | click on each measure for more information
Measure and Definition |
Click on each measure for more information.
Rooms sold divided by rooms available multiplied by 100. Occupancy is expressed as a percentage of available rooms occupied. Formula: ( Rooms Sold / Rooms Available ) X 100. The hotel occupancy figures reported here are an average of the three months of the quarter.
The target is ≥70%, which is based on the historic hotel occupancy in the City.
Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.