Hotel Revenue & Management Blog

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 per customer. It is also taking into account double and family occupancy factors. How do you calculate TREVPEC? TREVPEC Formula: Total Revenue* / Total Number of Guests [...]

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 from all departments which the room can generate. While RevPar only takes account of the revenue generated by the rooms. This calculation is preferable for the management [...]

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 of suppliers (hotels, airlines, car rentals, cruise lines, railways, travel insurance, package tours). His task is to simplify the travel planning process for their customers in addition [...]