Here you will find my opinion articles
What is the meaning / definition of TREVPEC in the hospitality industry? TREVPEC stands for: Total Revenue Per Client It is is a very favourable KPI metric to calculate the total revenue generated [...]
What is the meaning / definition of TREVPAR in the hospitality industry? TREVPAR stands for: Total Revenue Per Available Room It is a hotel KPI that gives a preview of the total revenue [...]
What is the meaning / definition of Travel Agent in the hospitality industry? Travel Agent is a person whose job it is to arrange travel for end clients (individuals, groups, corporations) on behalf [...]
What is the meaning / definition of Transient in the hospitality industry? At most hotels, guests fall into two main categories: group and non-group. Amongst the non-group category are Transient Travellers: these are [...]
Total Revenue Management is a much-discussed concept in hospitality, but in reality it has produced a great deal of confusion. Put simply, it is the revenue management of all revenue sources in a hotel. From your RevPAR and GOPPAR to thehotel restaurant, and from the bar, spa and gym to activities and excursions, it encompasses every single hotel income stream.
What is the meaning / definition of Total Revenue in the hospitality industry? Total Revenue is the total amount of Revenue coming from all operational departments in a business. Total Revenue is the [...]
