Hotel Industry Glossary, with the definitions and meaning of hotelier terminology, lingo, jargon and acronyms.
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.Super User
|ROI - Return of investment||
A KPI that helps to evaluate the efficiency of an investment on a company, on a business project, on a marketing action... The ROI measures the return of an investment in relation to the cost. To do the calculation of this KPI we have to divide the benefit obtained after the investment by the cost of it, and the number that we obtain should be a percentage
Find here the ROI formula:
ROI = (Benefit - Cost)/Cost
|NOP - Net Operating Profit||
What is the signification / definition of NOP in the hospitality industry?
NOP stands for Net Operating Profit, also known as NOI (Net Operating Income). It is a KPI / calculation of net operating income / profit after subtracting all of the operating expenses from the revenues generated by a hotel, a resort, a B&B or a hostel..
|KPI - Key Performance Indicator|
|GOP Gross Operating Profit||
What is the meaning of GOP in the hospitality industry?
It defines the level of operational profitability of a hotel. It is a KPI which alludes to the Hotels profits before subtracting all of their operating expenses.
GOP stands for: Gross Operating Profit
How do you calculate GOP?
What is the signification / definition of EBITDA in the hospitality industry?
This KPI is used to define how profitable a company or business is in reference to its operations (the profit on the products that the company produces and sells).
EBITDA means : Earnings Before Interest, Taxes, Depreciation and Amortization.