G

What is the meaning / definition of Group Rate in the hospitality industry? Hotels that frequently accept bookings from groups can offer reservations at a specially negotiated rate. This is called a Group Rate. You might be wondering how many people (and therefore how many total rooms!) are involved for a [...]

What is the meaning / definition of Group Displacement in the hospitality industry? Group bookings can help increase profits for hotels, but (perhaps surprisingly) not always! Sometimes reserving rooms for a group booking (and therefore making them unavailable for transient customers) can prove a mistake. There might have been more profitability [...]

What is the meaning / definition of Gross Revenue in the hospitality industry? Gross Revenue refers to the total sales made by a business. It thereby highlights a business’s ability to sell products and services, but it does not reveal if a company is able to strike a profit. It is [...]

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 [...]

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 [...]

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

What is the meaning / definition of GOPPAR in the hospitality industry? GOPPAR stands for: Gross Operating Profit Per Available Room It is one of the most effective ways to look at your hotel´s performance and make adjustments that impact the best interests to achieve the hotel´s goals. GOPPAR is a [...]

What is the meaning / definition of GOP in the hospitality industry? GOP stands for: Gross Operating Profit It is a KPI which refers to the Hotels profits after subtracting all of their operating expenses. It illustrates the level of operational profitability of a hotel. How do you calculate GOP? GOP [...]

What is the meaning / definition of Golf Resort in the hospitality industry? Golf Resorts is a full-service lodging facility, that caters specifically to the sport of golf, and provides access to a golf course. Golf Resorts typically offer golf packages that provide visitors with all greens, cart fees, range balls, [...]