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United Arab Emirates UAE | 9 Followers
4 months ago

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

Hozpitality Group Pay on Performance created new article
created new article
United Arab Emirates UAE | 237.9K Followers
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HSMAI’s Much Anticipated ROC 2021 is Set to Kick-Off in Two Weeks

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Hozpitality Group Pay on Performance created new article
created new article
United Arab Emirates UAE | 237.9K Followers
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HILTON DUBAI JUMEIRAH Pay on Performance created new article
created new article
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