Hotel Revenue & Management Blog

What is the meaning / definition of Static Pricing in the hospitality industry? Static Pricing is when a hotel keeps exactly the same selling rate at all times, regardless of the occupancy, market trends and marketplace demand. This is the opposite of dynamic pricing. Static pricing is considered an outaded practice in the industry as does not allow your hotel [...]

What is the meaning / definition of Staff Turnover in the hospitality industry? Also known as turnover rate or employee turnturnover rate. The term refers to the annual average percentage of employees who leave the business during a certain amount of time. The staff turnover can be affected by both the employer or the employees. In general companies should aim [...]

What is the meaning / definition of SREVPOR in the hospitality industry? SREVPOR stands for: Spa Revenue Per Occupied Room SREVPOR is an effective KPI for Spa operations, to manage and optimize their time and yield management. It illustrates the revenue made for each occupied room  and therefore it helps to analyze and propose a strategic marketing plan. How do [...]