Hotel Revenue & Management Blog

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 [...]

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 [...]