REVPAM – Revenue Per Available Square Meter
What is the meaning / definition of REVPAM in the hospitality industry?
REVPAM stands for: Revenue Per Available Square Meter
It is a KPI relevant for hotels which rent out its space for conferences and banquets. The utilization efficiency of the sales department is calculated on the revenue per available square meter of the banquet space.
How do you calculate REVPAM?
- REVPAM Formula: Revenue / Available square meter of banquet space (m2)
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As CEO and Founder of Xotels, Patrick Landman has made it his mission to turn independent hotels and resorts into local market leaders. Xotels´ diverse expertise and deep-knowledge across
hotel management,
hotel operator,
asset management,
hotel consulting, and
revenue management services, enables them to drive results for independent boutique hotels, luxury eco-resorts, and innovative lodging concepts. Below you will find opinion articles written by Patrick Landman.
