Hotel Revenue & Management Blog

What is the meaning / definition of RevPar Index in the hospitality industry? RevPar Index, is a measure that originates from RevPar. It focusses on comparing your hotels RevPar with the RevPar of the hotels in your competitive set. This calculation will allow you to see how well you are executing your sales and revenue management strategies relative to your competition. [...]

What is the meaning / definition of REVPAM in the hospitality industry? REVPAM stands for: Revenue Per Available Square Meter It is a KPI relevant for hotels which rent out its space for conferences and banquets. The utilization efficiency of the sales department is calculated on the revenue per available square meter of the banquet space. How do you calculate [...]

What is the meaning / definition of Reverse Auction in the hospitality industry? The term Reverse Auction, refers to an auction at which the buyer bids for a room offered by the seller. This is the opposite of a traditional auction at which the seller takes bids from buyers to increase the price of the good or service. For hotels this allows the sale of distressed [...]