Hotel Revenue & Management Blog

What is the meaning / definition of Negotiated Rate in the hospitality industry? Companies that regularly use a particular hotel naturally seek a more competitive or economic prices for rooms, meeting rooms and exhibition spaces. Although this may sound bad for business from a hotel’s point of view, if the company in question makes regular bookings, the shortfall in revenue can [...]

What is the meaning / definition of MPI in the hospitality industry? MPI stands for: Market Penetration Index MPI is a calculation to measure your hotel´s occupancy compared to the average market occupancy levels (also referred to as market share). This tool helps the hotel to see its position and performance in proportion to the competitors and the market in [...]

What is the meaning / definition of Motel in the hospitality industry? The term motel is used to describe a roadside hotel designed primarily for motorists. It specifically targets guests which are travelling by car. The hotels often allow customers to park directly outside of their rooms for convenience. Motels are often located near high-ways enabling travellers to rest during [...]