Hotel Revenue & Management Blog

What is the meaning / definition of RFP, in the hospitality industry? RFP stands for Request for Proposal and is a formal solicitation for bids on business from suppliers that are interested in providing a commodity, service or valuable asset to the hotel. Basic ally speaking a company/ organization/ hotel announces a request for a particular project or program and [...]

What is the meaning / definition of REVPOR in the hospitality industry? RevPOR stands for: Revenue Per Occupied Room RevPOR, unlike RevPAR, considers revenue per occupied room which gives you a better understanding of how much profit you make from the guests who actually stay at your property. Using RevPOR, you can track returns from other departments apart rooms, such [...]

What is the meaning / definition of REVPATH in the hospitality industry? RevPath stands for: Revenue Per Available Treatment Hour RevPath is a calculation for Spa operations that takes measure to a more detailed level, given the need to “turn over” of rooms during the day. It is very similar to RevPar for Rooms. It helps the spa operation to [...]