Hotel Revenue & Management Blog

What is the meaning / definition of Hotel Management? Hotel Management is a field of business and a study, that tends itself to the operational aspects of a hotel as well as a wide range of affiliated topics. These include accounting, administration, finance, information systems, human resource management, public relations, strategy, marketing, revenue management, sales, change management, leadership, gastronomy and [...]

What is the meaning / definition of Hotel Group in the hospitality industry? A Hotel Group can be either a Hotel Chain or a Hotel Franchise. It means that the hotels of that particular group are under the same management and belong to the same brand of hotels. Similar to Chain and Franchise and in difference to independent hotels, hotels [...]

What is the meaning / definition of Hotel Franchise Contract / Agreement? A contract between a hotel owner and a hotel franchise company where the franchise company allows a hotel to use its services and name for a fee. Services a franchisor can provide are for example national advertising, reservation system, employee training and other benefits depending on the hotel [...]