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What is RGI (Revenue Generating Index)
December 28, 2023  - By FHA-HoReCa

What is RGI (Revenue Generating Index)

Let's explore the dynamics of the hospitality industry and shed light on a crucial performance metric — the Revenue Generating Index (RGI). Like a compass guiding a traveler, RGI is a navigational tool for hotels, offering essential insights into their…

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Understanding Occupancy Rate in Hotels: A Comprehensive Guide
December 28, 2023  - By FHA-HoReCa

Understanding Occupancy Rate in Hotels: A Comprehensive Guide

Imagine you're running a hotel and want to know how well it's performing. One of the most important metrics to look at is the occupancy rate. This figure tells you what percentage of your rooms are occupied at any given…

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Average Length of Stay (ALOS): A Key Metric for Hoteliers
December 1, 2023  - By FHA-HoReCa

Average Length of Stay (ALOS): A Key Metric for Hoteliers

Do you know how long your average guest stays at your hotel? Identifying guest stay patterns is essential for improving hotel operations and maximizing revenue. The Average Length of Stay (ALOS) is a valuable metric that helps hotel managers better…

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Understanding Average Room Rate (ARR): A Guide for Hoteliers
December 1, 2023  - By FHA-HoReCa

Understanding Average Room Rate (ARR): A Guide for Hoteliers

How can hotels optimize their pricing strategies to maximize revenue? Pricing is critical for hotels to attract guests and achieve sustainable profitability. One key performance indicator (KPI) that hoteliers use to track and optimize pricing is the Average Room Rate…

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What is CPOR (Cost per Occupied Room)
December 1, 2023  - By FHA-HoReCa

What is CPOR (Cost per Occupied Room)

How can hotels control expenses while maximizing profitability? In the competitive hotel industry, keeping operating costs low without sacrificing quality is crucial. Hotels rely on a powerful metric to achieve this balance: CPOR, or Cost Per Occupied Room. When tracking…

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Unveiling the Essence of Hotel RFPs in Hospitality Precision
December 1, 2023  - By FHA-HoReCa

Unveiling the Essence of Hotel RFPs in Hospitality Precision

Welcome to the world of Hotel RFPs – the heartbeat of hospitality precision. Hotel RFP, or Request for Proposal, isn't just a sequence of letters; it's the engine powering a structured process. This process allows hotels not only to receive…

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What Is a Trade Show?
November 30, 2023  - By FHA-HoReCa

What Is a Trade Show?

Let's explore the vibrant world of trade shows and dynamic business events particularly prominent in the food, beverage, and hotel industries. These events are like marketplaces where companies gather to showcase their products and services to a targeted audience. It's…

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What is ADR (Average Daily Rate) in Hospitality Industry?
November 30, 2023  - By FHA-HoReCa

What is ADR (Average Daily Rate) in Hospitality Industry?

Understanding the Average Daily Rate (ADR) is crucial for Singapore's hoteliers, investors, and industry professionals. ADR is a crucial metric that sheds light on the average price paid for rooms sold within a given timeframe. In a competitive market like…

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What is RevPAM?
November 30, 2023  - By FHA-HoReCa

What is RevPAM?

Meet RevPAM, short for Revenue Per Available Meter, a cutting-edge tool changing hotel revenue management. Unlike traditional metrics that look at room numbers, RevPAM takes a closer look at the entire property space. In the ever-changing world of hotel revenue…

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