Hotel Revenue & Management Blog

What is the meaning / definition of Local Company Rate in the hospitality industry? LCR is short for Local Company Rate. Hotels sometimes agree a special rate with a local company, as that can be good for business in both the short and long term. When making available a local corporate contract, a hotel should take several factors into account, [...]

What is the meaning / definition of KPI / Key Performance Indicators in the hotel industry? KPI is an acronym for: Key Performance Indicator KPI includes a set or ratios and formulas that help calculate and indicate the performance and progress of a hotel accordingly to their plans and actions. Here are example of series of standard Key Performance Indicators [...]

What are the most commonly used Key Performance Indicators in the Hotel or Hospitality Industry? The acronym KPI stands for Key Performance Indicator. Below is a series of examples of the main Key Performance Indicators to monitor and to benchmark the performance of the different departments in a hotel. Accommodation (Rooms) Average Room Rate Bedroom Occupancy Rate Revenue per Available [...]