Hotel Revenue & Management Blog

What is the meaning / definition of Gross Profit in the hospitality industry? Gross Profit is the profit a company makes after deducting the costs of production (or the costs that allow the services to take place) from the net sales amount. Gross Profit is also called sales profit, sales credit or gross income. It only takes into account variable [...]

What is the meaning / definition of Green Hotel in the hospitality industry? A green hotel is a hotel that focusses on sustainability in its business practices. It differentiates itself from other hotels with its strong focus of reducing carbon emission, water usage, waste reduction and electricity usage, these type of hotels are trying to reduce their impact on the [...]

What is the meaning / definition of Green Field Hotel? It is a construction term meaning that the hotel is built on a land that has never been used before. Therefore, nothing has been demolished and the hotel is literally brand new. See Also: Hotel