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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 [...]

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) [...]

What is the meaning / definition of Key Money in the hospitality industry? Also known as a security deposit, Key Money is a payment to a landlord, payed in order to secure a lease. In some cases the term may be implied as bribe to the landlord. Synonyms: Security Deposit