Hotel Revenue & Management Blog

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 [...]

What is the meaning / definition of Revenue Generation in the hospitality industry? The term Revenue Generation, refers to the process of creating sales of products and services, with the goal of creating income. For example, a company wants to generate a hundred thousand euros of revenue this year. Then, the company needs to set up a strategy to reach [...]

What is the meaning / definition of Resort Hotel in the hospitality industry? A Resort Hotel is a full-service lodging facility, intended primarily for vacationers and usually located in places frequented for relaxation or recreation, such as beaches, seashores, scenic or historic areas, ski parks, spas. The difference to a ‘simple’ hotel lies in the range of services and amenities [...]