Seasonal Hotel
What is the meaning / definition of Seasonal Hotel in the hospitality industry? A Seasonal Hotel is a hotel which operates only in a specific season. This is often due to its location being greatly influenced greatly by weather changes, which affect the surrounding environment in such a way that the [...]
Rural Hotel
What is the meaning / definition of Rural Hotel? A rural hotel, is a hotel located outside of a town or city. It caters towards rural tourism, which is a type of eco-tourism. Tourists visiting can actively participate in a rural lifestyle. With the atomisation of much of the agriculture in [...]
Royalty Fee
What is the meaning / definition of Royalty Fee? The term royalty fee refersto the monthly re-occurring fee a franchisee pays to the franchisor. The fee is generally a in the Franchise Agreement agreed upon percentage of the profits. Typically this ranges from between five and nine percent. This fee is [...]
Room Inventory
What is the meaning / definition of Room Inventory in the hospitality industry? There are perhaps two questions to consider here: 1) What is room inventory? And 2) Why is room inventory so important to hotels large and small across the world? Well, in simple terms, room inventory is basically a calculation: [...]
Room Block
What is the meaning / definition of Room Block in the hospitality industry? A Block Booking refers to a group of rooms reserved for a specific customer — usually for a set period of time. Room blocks are commonly reserved for conventions and meetings or groups in general. A room block [...]
ROI – Return on Investment
What is the meaning / definition of ROI in the hospitality industry? ROI stands for: Return on Investment ROI is a profitability ratio used to evaluate the gain or loss generated on an investment. In other words, it indicates how much money was earned on an investment, expressed as a percentage [...]
RGI – Revenue Generation Index
What is the meaning / definition of RGI in the hospitality industry? RGI stands for: Revenue Generation Index. RGI compares your hotel’s RevPar tothe average RevPar in the market. It is used to determine if a hotel is gaining a fair share of revenue compared to its compset. How do you [...]
RFP – Request For Proposal
What is the meaning / definition of RFP, in the hospitality industry? RFP stands for Request for Proposal and is a formal solicitation for bids on business from suppliers that are interested in providing a commodity, service or valuable asset to the hotel. Basic ally speaking a company/ organization/ hotel announces [...]
REVPOR – Revenue Per Occupied Room
What is the meaning / definition of REVPOR in the hospitality industry? RevPOR stands for: Revenue Per Occupied Room RevPOR, unlike RevPAR, considers revenue per occupied room which gives you a better understanding of how much profit you make from the guests who actually stay at your property. Using RevPOR, you [...]
