Here at TrevPAR World we are strong believers that there is a very strong relationship between reputation management, brand awareness as well as revenue management. We decided to investigate the relationship between being a tourism graded hotel and driving revenue, what better way to do that than to go to the source. We were lucky […]
The Relationship Between Revenue Management & Tourism Grading Read More »
EBITDA – earnings before Interest, taxes, depreciation, and amortization – similar to NOI, but excludes deductions for reserve for replacement; = NOI + Reserve for Replacement. EB-5 – an immigration program that provides a method of obtaining a U.S. visa by investing in the U.S. and creating new jobs within specified Regional Centers defined by the government;
Industry Terms – The Letter E & F Read More »
Revenue Management – Forecast A good forecast is the most important part of any revenue management decision making process. Without an accurate forecast it is not possible to make accurate revenue driving decisions and may even result in damage to the business rather than driving it. The objective needs to be clear to everyone and
The Revenue Journey Part #6 – Forecast Read More »
Motivation is a key driver in any industry however when it comes to Revenue Managers or Directors it is critical, self motivated and passionate revenue professionals seem to forget the clock and just focus on the results, this little video below is a truly amazing representation of what really motivates us. This lively RSA Animate,
The Surprising Truth About What Motivates Us Read More »
Debt – money owed by a property to entities other than the owner; typically, this is the mortgage, but may include other obligations (mezzanine loan, taxes, etc.) DCR – debt coverage ratio – debt service coverage ratio – the ratio of net operating income to annual debt payments; obviously, lenders want the property cash flow to be
Industry Terms – The Letter D Read More »
STR: Preliminary October 2016 data for Dubai Preliminary October 2016 performance data from Dubai projects the market experienced a 2% occupancy decrease to 77.9%, a 10.3% ADR decrease to 767.58 Emirati dirham ($208.97) and a 12% RevPAR decrease to 598.09 Emirati dirham ($162.83). Full Article Here STR: Preliminary October 2016 data for London STR’s October
STR – Preliminary October 2016 Data Read More »
Creating a Revenue Management Culture at the property involves a lot of work by the revenue team – see the Revenue Journey #3 – Starting with the Foundations – People – and is an ongoing effort in any revenue driven organization. Processes will need to be implemented that help drive revenues. These processes, together with
The Revenue Journey Part #5 – Processes Read More »
Our Co-Founder Jurgen Ortelee was lucky enough to have one of his very well written articles featured on Tnooz which is a global provider of news, analysis, commentary, education, data and business services to the travel, tourism and hospitality industry. We hope that you enjoy his article about what type of questions owners need to
Six Questions Hotel Owners Need to ask when Investing in a Revenue Solution Read More »
Capital Expenditure – Also known as CapEx. Money spent by a business to acquire or maintain fixed assets such as land, buildings and equipment. Capitalization Rate – The capitalization rate (or cap rate) for a hotel is used as a way to compare potential returns on various real estate investments. Different operating metrics can be used, however, net
Industry Terms – The Letter C Read More »
Revenue Management – Choosing Infrastructure Components Now that the revenue team is in place it is time to look at the distribution infrastructure of the property. Selling a product requires an infrastructure to put that product on a shelf so customers can buy it. This infrastructure can be made up of systems, manual processes or
The Revenue Journey Part #4 – Choosing Infrastructure Read More »
