Hotel Revenue & Management Blog

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 most common indicator with any business as it allows an insight into a company’s overall performance, market size etc. Total Revenue can be generally be found at [...]

What is the meaning / definition of Timeshare in the hospitality industry? A timeshare (sometimes called vacation ownership) is a property with a divided form of ownership or use rights. It is thereby often owned by multiple parties, whereby each owner has rights and access to the apartment at a different time of the year. This turns out cheaper when [...]

What is the meaning / definition of Time per Table Turnaround in the hospitality industry? The term, Time per Table Turnaround refers to a metric used to assess the time it takes a customer group utilising a table/ space from the moment they sit down to the moment they paid the bill and leave. In total revenue management and the [...]