Occupancy rate of hotels in the Italian city of Milan 2014-2019
From 2014 to 2019, the occupancy rate of hotels in Milan increased overall. In 2014, the occupancy rate of hotels in this Italian city reached roughly 64 percent. In 2019, it peaked at 73.4 percent. The occupancy rate is a key metric used in the hotel industry. It is calculated by dividing the number of occupied rooms by the number of available rooms, in a specific period of time, and multiplying by 100 in order to obtain a percentage.
