Occupancy rates

I can't find it but I recall a discussion here about "Occupancy rates" being approached in two ways and I wanted to get your input:
Occupancy rates are:
a) The percent of days the rooms are occupied that they are open
b) The percent of days the rooms are occupied for one 365 day period (1 year)
Revenue is what I like to see, and ROI and all of that. But buyers have this occupancy rate stuck in their head as the all in all. For example, if we are only open Sat and Sun and are booked every weekend of the year, we are 100%. But really we are only 28.57% if there are 7 days in a week.

In our case, I might divide occupancy rates into seasons. Otherwise, it simply makes no sense. Many of the inns in our town close after October and have a similar occupancy rate as we do even though we stay open.

There is a thread called "Occupancy Rates" under the sub-forum "buying and selling a B&B." Not sure if that is the thread you are thinking of.

I would approach it from an opportunity standpoint as the seller - "we are open X months at an occ rate of 50%. This is our choice.You may opt to be open year round which may lower that number while increasing your income."
But, if you're open year round, but just not every day of the week, then you use 365 days. If you're seasonal and completely closed for X months then you use the months the inn is actually in operation with an * next to that number with an explanation. IMO.