It describes the “Fair Share” of Revenue per available room that the hotel is achieving against its closest competition.
Hotel’s strive for 100% or higher.
Less than 100% RevPAR Index (RPI) theoretically means a hotel is not achieving it’s rightful share of Revenue.
What does RPI stand for in hotels?
Revenue Generating Index (RGI) or RevPAR Index (RPI) – A metric used to determine whether a property is achieving its fair share of revenue compared to a specific group of hotels (i.e. a competitive set).
What does ADR mean in hotel industry?
Average Daily Rate
How is ADR calculated in hotel industry?
ADR (Average Daily Rate) –– A measure of the average rate paid for rooms sold, calculated by dividing roomrevenue by rooms sold. ADR (Rate) Index –– The ADR Index measures a hotel’s ADR performance relative to an aggregated grouping of hotels (e.g., competitive set, market, submarket/tract).
What RGI stands for?
RGI stands for: Revenue Generation Index. RGI compares your hotel’s RevPar to the average RevPar in the market. It is used to determine if a hotel is gaining a fair share of revenue compared to its compset.
What is str in hotel industry?
August 2019) (Learn how and when to remove this template message) STR, formerly known as Smith Travel Research, is an American company based in Hendersonville, Tennessee, that tracks supply and demand data for multiple market sectors, including the global hotel industry.
What is an upscale hotel?
An upscale full-service hotel facility offers luxury amenities, full service accommodations, an on-site restaurant, and the highest level of personalized service, such as a concierge, room service, and clothes pressing staff. Boutique hotels are typically hotels with a unique environment or intimate setting.