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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
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.
Relative to 2000, absolute room rates and occupancy levels have not declined by as much as in the London market.
The camp was ready for my sole occupancy and, yes, it was made up of those wonderful, traditional, Mongolian felt tents they called yurts.
Even with extra seats placed in the aisles, occupancy was far more than 100 per cent at both the concerts we attended.
We were at pretty close to 100 percent occupancy of recreational vehicles and now they are bare, those parks.
Plans are in the works to build an addition that will double Shaw's occupancy.

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