The occupancy rate is a key metric for real estate investors, hotel managers, and property owners. It represents the percentage of occupied units or rooms over a specific period. A higher occupancy rate generally indicates better performance and profitability.
function calculateOccupancyRate() {
var totalUnits = parseFloat(document.getElementById("totalUnits").value);
var occupiedUnits = parseFloat(document.getElementById("occupiedUnits").value);
var periodDays = parseFloat(document.getElementById("periodDays").value);
var occupiedDaysTotal = parseFloat(document.getElementById("occupiedDaysTotal").value);
var resultDiv = document.getElementById("result");
resultDiv.innerHTML = ""; // Clear previous results
if (isNaN(totalUnits) || totalUnits <= 0) {
resultDiv.innerHTML = "Please enter a valid number for Total Units (must be greater than 0).";
return;
}
if (isNaN(occupiedUnits) || occupiedUnits totalUnits) {
resultDiv.innerHTML = "Occupied Units cannot be greater than Total Units.";
return;
}
if (isNaN(periodDays) || periodDays <= 0) {
resultDiv.innerHTML = "Please enter a valid number for Days in Period (must be greater than 0).";
return;
}
if (isNaN(occupiedDaysTotal) || occupiedDaysTotal < 0) {
resultDiv.innerHTML = "Please enter a valid number for Total Occupied Unit-Days (cannot be negative).";
return;
}
// Formula 1: Based on occupied units and total units (average over the period)
var occupancyRateByUnits = (occupiedUnits / totalUnits) * 100;
// Formula 2: Based on occupied unit-days
var potentialUnitDays = totalUnits * periodDays;
var occupancyRateByDays = (occupiedDaysTotal / potentialUnitDays) * 100;
resultDiv.innerHTML = "
Results:
";
resultDiv.innerHTML += "Occupancy Rate (by Units): " + occupancyRateByUnits.toFixed(2) + "%";
resultDiv.innerHTML += "This calculation assumes the 'Occupied Units' figure is an average over the 'Number of Days in Period'.";
resultDiv.innerHTML += "Occupancy Rate (by Unit-Days): " + occupancyRateByDays.toFixed(2) + "%";
resultDiv.innerHTML += "This calculation is more precise and accounts for variations in occupancy throughout the period.";
if (occupancyRateByUnits > 90 || occupancyRateByDays > 90) {
resultDiv.innerHTML += "Excellent occupancy rate!";
} else if (occupancyRateByUnits > 75 || occupancyRateByDays > 75) {
resultDiv.innerHTML += "Good occupancy rate. Consider strategies to further improve it.";
} else {
resultDiv.innerHTML += "Occupancy rate could be improved. Explore marketing and pricing strategies.";
}
}
.calculator-wrapper {
font-family: sans-serif;
border: 1px solid #ccc;
padding: 20px;
border-radius: 8px;
max-width: 600px;
margin: 20px auto;
background-color: #f9f9f9;
}
.calculator-wrapper h2 {
text-align: center;
margin-bottom: 20px;
color: #333;
}
.calculator-inputs {
display: grid;
grid-template-columns: 1fr;
gap: 15px;
}
.form-group {
display: flex;
flex-direction: column;
}
.form-group label {
margin-bottom: 5px;
font-weight: bold;
color: #555;
}
.form-group input[type="number"] {
padding: 10px;
border: 1px solid #ccc;
border-radius: 4px;
font-size: 16px;
}
.calculator-wrapper button {
display: block;
width: 100%;
padding: 12px 20px;
background-color: #4CAF50;
color: white;
border: none;
border-radius: 4px;
font-size: 16px;
cursor: pointer;
margin-top: 20px;
transition: background-color 0.3s ease;
}
.calculator-wrapper button:hover {
background-color: #45a049;
}
#result {
margin-top: 25px;
padding: 15px;
border-top: 1px solid #eee;
background-color: #fff;
border-radius: 4px;
}
#result h3 {
margin-top: 0;
color: #333;
}
#result p {
margin-bottom: 10px;
color: #444;
}
#result p:last-child {
margin-bottom: 0;
}
#result em {
color: #007bff;
}