NREVPAR – Net REVPAR
What is the meaning / definition of NREVPAR or Net REVPAR in the hospitality industry? NREVPAR stands for: Net Revenue Per Available Room NREVPAR metric is similar to RevPAR, except that it factors in the net revenues (meaning that it accounts for distribution costs, transaction fees and travel agency commissions). Compared [...]
NPV – Net Present Value
What is the meaning / definition of Net Present Value in the hospitality industry? NPV stands for: Net Present Value It is a financial indicator used for evaluating investments. Basically, it represents the income that will result from the investment, minus all the costs. It also takes into account the discount [...]
NOP – Net Operating Profit
What is the meaning / definition of NOP in the hospitality industry? NOP stands for Net Operating Profit, also known as NOI (Net Operating Income). It is a KPI / calculation of net operating income / profit after subtracting all of the operating expenses from the revenues generated by a hotel. [...]
NOI – Net Operating Income
What is the meaning / definition of Net Operating Income in the hospitality industry? It is an indicator before taxes. It thereby takes into account the operating revenue, meaning the income from the selling of products or services (excluding all extraordinary incomes), minus all the operating expenses, like the inventory, rent, [...]
No-Frills Hotel
What is the meaning / definition of No-Frills Hotel? “No Frills” means non-essentials are not present or provided. It refers to a hotel that provides the bare essentials to customers in order to maintain low prices. A hotel in which a guest pays for a room with a bed, power, security [...]
No Show
What is the meaning / definition of No-Show in the hospitality industry? If a guest fails to arrive on a certain date to fulfil a booking (as all so often happens!) and does not cancel; that does not necessarily mean the hotel will lose money. No. Hotels can cover themselves for [...]
NGS – Next Generation Seamless
What is the meaning / definition of Next Generation Seamless, in the hospitality industry? NGS stands for: Next Generation Seamless. It is a hotel reservation systems technology of data sharing across the web. NGS integrates the hotels CRS / PMS information directly with the GDS. Meaning the user (travel agent) can [...]
Net Revenue
What is the meaning / definition of Net Revenue in the hospitality industry? The term Net Revenue, also known as net income can be found at the bottom of every income statement. Net means free from all deductions and revenue refers to the income generated by organisation. To calculate Net Revenue, [...]
Net Rate
What is the meaning / definition of Net Rate in the hospitality industry? In hotel distribution we work with many rate levels. Room inventory is sold via some third party distributors at prices that are subject to commission. Others negotiate a (sometimes lower) price with the hotel that does not include [...]
