The name Hoy is of Scottish origin and means 'peaceful'. It's composed of two elements: 'hoi', which translates to 'peace', and '-ing', indicating a place where something happens. Therefore, Hoy could be interpreted as a peaceful location or settlement.
"The name Hoy experienced significant fluctuations in popularity over the years, with a notable peak during World War I and another spike in the early 1920s. However, it became quite uncommon after the 1930s, with only sporadic instances of its use up until recent times."