Revenge Travel
“Revenge Travel” is the latest trending term in hospitality management, and is the result of restrictions imposed on travellers by lockdowns making travel itself not to be taken for granted anymore. It portrays the exact thoughts of consumers and their current travel sentiment: we are ready to travel and we won’t [...]
Rural Hotel
What is the meaning / definition of Rural Hotel? A rural hotel, is a hotel located outside of a town or city. It caters towards rural tourism, which is a type of eco-tourism. Tourists visiting can actively participate in a rural lifestyle. With the atomisation of much of the agriculture in [...]
Royalty Fee
What is the meaning / definition of Royalty Fee? The term royalty fee refersto the monthly re-occurring fee a franchisee pays to the franchisor. The fee is generally a in the Franchise Agreement agreed upon percentage of the profits. Typically this ranges from between five and nine percent. This fee is [...]
Room Inventory
What is the meaning / definition of Room Inventory in the hospitality industry? There are perhaps two questions to consider here: 1) What is room inventory? And 2) Why is room inventory so important to hotels large and small across the world? Well, in simple terms, room inventory is basically a calculation: [...]
Room Block
What is the meaning / definition of Room Block in the hospitality industry? A Block Booking refers to a group of rooms reserved for a specific customer — usually for a set period of time. Room blocks are commonly reserved for conventions and meetings or groups in general. A room block [...]
ROI – Return on Investment
What is the meaning / definition of ROI in the hospitality industry? ROI stands for: Return on Investment ROI is a profitability ratio used to evaluate the gain or loss generated on an investment. In other words, it indicates how much money was earned on an investment, expressed as a percentage [...]
RGI – Revenue Generation Index
What is the meaning / definition of RGI in the hospitality industry? RGI stands for: Revenue Generation Index. RGI compares your hotel’s RevPar tothe average RevPar in the market. It is used to determine if a hotel is gaining a fair share of revenue compared to its compset. How do you [...]
RFP – Request For Proposal
What is the meaning / definition of RFP, in the hospitality industry? RFP stands for Request for Proposal and is a formal solicitation for bids on business from suppliers that are interested in providing a commodity, service or valuable asset to the hotel. Basic ally speaking a company/ organization/ hotel announces [...]
REVPOR – Revenue Per Occupied Room
What is the meaning / definition of REVPOR in the hospitality industry? RevPOR stands for: Revenue Per Occupied Room RevPOR, unlike RevPAR, considers revenue per occupied room which gives you a better understanding of how much profit you make from the guests who actually stay at your property. Using RevPOR, you [...]
