Hotel Revenue Management Glossary
Need to know what a hotel term means? Look it up in the Xotels Glossary. We explain definitions of terminology industry lingo from hotel revenue management, ecommerce, marketing and distribution.
|RGI - Revenue Generation Index|
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:
The number of rooms a hotel has MINUS the amount of rooms sold
What is the meaning / definition of Room Type in the hospitality industry?
In Hospitality, the days of a hotel only offering guests standard rooms for reservations are long gone! Nowadays, there are myriad room types and suites at hotels around the world – a delightfully eclectic selection – meaning that any size of group and most preferences can be catered for.