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What is the meaning / definition of KPI / Key Performance Indicators in the hotel industry? KPI is an acronym for: Key Performance Indicator KPI includes a set or ratios and formulas that [...]
What are the most commonly used Key Performance Indicators in the Hotel or Hospitality Industry? The acronym KPI stands for Key Performance Indicator. Below is a series of examples of the main Key [...]
What is the meaning / definition of Key Money in the hospitality industry? Also known as a security deposit, Key Money is a payment to a landlord, payed in order to secure a [...]
What is the meaning / definition of Internal Rate of Return in the hospitality industry? IRR stands for: Internal Rate of Return. The Internal Rate of Return is a financial indicator, used to [...]
What is the meaning / definition of Inventory in the hospitality industry? The number of rooms available for a hotel to sell or distribute across all channels is called an Inventory. An Inventory [...]
What is the meaning / definition of Interface in the hospitality industry? Interface is the crossing point or technical connection between different IT systems. In other words it is the direct communication/ connection between [...]
