REVPATH – Revenue Per Available Treatment Hour
What is the meaning / definition of REVPATH in the hospitality industry? RevPath stands for: Revenue Per Available Treatment Hour RevPath is a calculation for Spa operations that takes measure to a more detailed level, given the need to “turn over” of rooms during the day. It is very similar to [...]
REVPASH – Revenue Per Available Seat Hour
What is the meaning / definition of REVPASHin the hospitality industry? REVPASH stands for: Revenue Per Available Seat Hour REVPASH as a revenue management tool for food and beverage outlets in a hotel (similar to RevPar for Rooms). This calculation is useful to measure the usage and revenue of a seat [...]
RevPasf – Revenue/Profit Per Available Space/Time
What is the meaning / definition of REVPASH in the hospitality industry? REVPASH stands for: Revenue Per Available Seat Hour REVPASH as a revenue management tool for food and beverage outlets in a hotel (similar to RevPar for Rooms). This calculation is useful to measure the usage and revenue of a [...]
Revpar Index
What is the meaning / definition of RevPar Index in the hospitality industry? RevPar Index, is a measure that originates from RevPar. It focusses on comparing your hotels RevPar with the RevPar of the hotels in your competitive set. This calculation will allow you to see how well you are executing your sales and revenue management strategies relative to your [...]
RevPAR – Revenue Per Available Room
What is the meaning / definition of RevPar Index in the hospitality industry? RevPar Index, is a measure that originates from RevPar. It focusses on comparing your hotels RevPar with the RevPar of the hotels in your competitive set. This calculation will allow you to see how well you are executing your [...]
REVPAM – Revenue Per Available Square Meter
What is the meaning / definition of REVPAM in the hospitality industry? REVPAM stands for: Revenue Per Available Square Meter It is a KPI relevant for hotels which rent out its space for conferences and banquets. The utilization efficiency of the sales department is calculated on the revenue per available square [...]
Reverse Auction
What is the meaning / definition of Reverse Auction in the hospitality industry? The term Reverse Auction, refers to an auction at which the buyer bids for a room offered by the seller. This is the opposite of a traditional auction at which the seller takes bids from buyers to increase the price of the good [...]
Revenue Management Strategy
What is the meaning / definition of Reverse Auction in the hospitality industry? The term Reverse Auction, refers to an auction at which the buyer bids for a room offered by the seller. This is the opposite of a traditional auction at which the seller takes bids from buyers to increase [...]
Revenue Management Formulas
What are the most important Revenue Management Formulas in the hospitality industry and how to calculate them? Here you will find the top 5 Key Performance Indicators (KPI): Occupancy It is a Hotel KPI calculation that shows the percentage of available rooms or beds being sold for a certain period of [...]
