Hotel Revenue & Management Blog

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 [...]

What is the meaning / definition of Room Block in the hospitality industry? A Block Booking refers to a group of rooms reserved for a specific customer — usually for a set period of time. Room blocks are commonly reserved for conventions and meetings or groups in general. A room block is usually under a firm agreement and is for [...]

What is the meaning / definition of ROI in the hospitality industry? ROI stands for: Return on Investment ROI is a profitability ratio used to evaluate the gain or loss generated on an investment. In other words, it indicates how much money was earned on an investment, expressed as a percentage of the purchasing price/ initial investment. How to calculate [...]