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What is an occupancy?

What is an occupancy? Here are some definitions.

Noun
  1. The act of occupying, the state of being occupied or the state of being an occupant or tenant.
  2. The period of time during which someone rents or otherwise occupies certain land or premises.
  3. The specific use to which something occupied is put.
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Examples
Relative to 2000, absolute room rates and occupancy levels have not declined by as much as in the London market.
Official occupancy figures were down by up to 80 percent in some resort hotels at the peak of the violence.
They have a Medicaid occupancy percentage that equals or exceeds the applicable biyearly Medicaid minimum occupancy percentage.
She said that the occupancy rate in Bali reached between 50 percent and 60 percent in the low season and about 70 percent in high season.
Plans are in the works to build an addition that will double Shaw's occupancy.
Even with extra seats placed in the aisles, occupancy was far more than 100 per cent at both the concerts we attended.

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