At Barrows Hospitality, our Hotel Revenue Management Department is dedicated to maximizing the revenue potential for hotel owners and operators. Leveraging our expertise in hotel investments and advisory services, we offer tailored revenue management solutions that are designed to optimize pricing, forecast demand, and implement effective inventory management strategies. https://www.barrowshospitality.....com/hotel-revenue-m

#revenuemanagement #hospitality #hoteladvisory #hotelmanagement

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Richie Joseph Recognized in Hozpitality's Best 30 Finance and Revenue Leaders in the Middle East for 2024 | #richiejoseph #directorofrevenue #nhcollectiondubaithepalm #revenuemanagement #hozpitalitysbest30 #revenueleaders #hospitalityexcellence #hozpitality

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Kamal Kashyap Recognized in Hozpitality's Best 30 Finance and Revenue Leaders in the Middle East for 2024 | #kamalkashyap #directorofrevenue #revenueleaders #swissotelalmuroojdubai #hozpitalitysbest30 #hospitalityexcellence #revenueoptimization #revenuemanagement #hozpitality

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Annemarie Goani Recognized in Hozpitality's Best 30 Finance and Revenue Leaders in the Middle East for 2024 | #annemariegoani #revenue #revenueleaders #hospitalityexcellence hozpitalitysbest30 #revenuemanagement #revenueoptimization #marriott #hozpitality

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Useful / Common Acronyms

#hotelreservations and #revenuemanagement



How many do you know (out of 25)? Comment down your answer.



FYI / FYA - For Your Information / For Your Action



EOD - End Of Day



PFA - Please Find Attached



VIP - Very Important Person



CIP - Commercially Important Person



CC - Credit Card



RFP - Request For Proposal



BB - Bed & Breakfast



HB - Half Board

Includes breakfast and Lunch or Dinner



FB - Full Board

Includes breakfast, lunch and dinner



AI - All Inclusive

Includes all meals and beverages



OCC - Occupancy

Determines the number of occupied rooms in a given period



#adr - Average Daily Rate

Calculates how much were the occupied rooms sold in a given period



#revpar - Revenue per Available Room

Takes into account how much you have sold all the available rooms in a given period.



COMP SET - Competitors Set

Set of hotels usually 4 or 5 that is align to your hotel's product and brand positioning



MPI - Market Penetration Index

Measures how well your hotel have captured the market in terms of occupancy against your COMP Set



ARI - Average Rate Index

Measures how much your hotel have sold the occupied rooms against your COMP Set



RGI - Revenue Generation Index

Measures the hotel's Revpar compared to your COMP Set.



#pms - Property Management System (ex. Opera, Fidelio, Protel, etc...)



#rms - Revenue Management System (ex. IDEAS, Duetto, etc...)



GDS - Global Distribution System



#ota - Online Travel Agents (ex. Booking.com, Agoda, Expedia, etc...)



FIT - Free Individual Travellers



WHO / WHS - Wholesale



GRP - Groups



#hospitality

#hospitalityindustry

#hotel

#resorts

#hospitalitymanagement

#hotelmanagement

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