Hotel Revenue & Management Blog

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 [...]

What is the meaning / definition of RGI in the hospitality industry? RGI stands for: Revenue Generation Index. RGI compares your hotel’s RevPar tothe average RevPar in the market. It is used to determine if a hotel is gaining a fair share of revenue compared to its compset. How do you calculate RGI? RGI Formula: RGI= Your Hotel’s RevPAR / Hotel [...]