Hotel Revenue & Management Blog

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 [...]

What are the most important Revenue Management Formulas in the hospitality industry and how to calculate them? Here you will find the top 5 Key Performance Indicators (KPI): Occupancy It is a Hotel KPI calculation that shows the percentage of available rooms or beds being sold for a certain period of time. It is important for hotels to keep track [...]

What is the meaning / definition of Revenue Management Dashboard in the hospitality industry? The term Revenue Management Dashboard, refers to the graphical user interface that is able to provide a at-a-glance view of key performance indicators (KPIs) relevant to business processes. Sometimes the phrase dashboard also refers to “Progress Reports”. Today’s best-in-class Revenue Management System = (RMS) display data [...]