Hotel Revenue & Management Blog

What is the meaning / definition of Rural Hotel? A rural hotel, is a hotel located outside of a town or city. It caters towards rural tourism, which is a type of eco-tourism. Tourists visiting can actively participate in a rural lifestyle. With the atomisation of much of the agriculture in rural areas, this type of tourism can drive the [...]

What is the meaning / definition of Royalty Fee? The term royalty fee refersto the monthly re-occurring fee a franchisee pays to the franchisor. The fee is generally a in the Franchise Agreement agreed upon percentage of the profits. Typically this ranges from between five and nine percent. This fee is generally oriented towards allowing the franchise healthy enough profit, [...]

What is the meaning / definition of Room Inventory in the hospitality industry? There are perhaps two questions to consider here: 1) What is room inventory? And 2) Why is room inventory so important to hotels large and small across the world? Well, in simple terms, room inventory is basically a calculation: The number of rooms a hotel has MINUS the [...]