Search results
Results from the WOW.Com Content Network
Since RevPAR is a measurement for a particular period of time (say a day, or month or year) it is most often compared to the same time frame. It is often used in comparison to competitors within a custom defined market, trading area, or advertising region or a self-selected competitive set as defined by the hotel's owner or manager, which is referred to as RevPAR Index or RGI (Revenue ...
Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry. The number represents the average rental income per paid occupied room in a given time period.
Hotel, hospitality, and tourism services [31] – daily revenue or yield management strategies are a popular practice within the hotel sector, particularly prominent in mature and large hotel markets such as in Western Europe and the North America. Key operating indicators Occupancy Rate (OR), Average Daily Rate (ADR) and Revenue per Available ...
An accounting information system (AIS) is a system of collecting, storing and processing financial and accounting data that are used by decision makers.An accounting information system is generally a computer-based method for tracking accounting activity in conjunction with information technology resources.
Originally known as Hospitality Valuation Services, the company was founded by Steve Rushmore in 1980 in a one-room office in Garden City, New York.Rushmore, a graduate of the Cornell University School of Hotel Administration, [2] drew upon his experience as head of the hospitality consulting division of Helmsley-Spear, a position he took on in 1971.
Sign in to your AOL account.
Get a daily dose of cute photos of animals like cats, dogs, and more along with animal related news stories for your daily life from AOL.
The following are types of information systems used to create reports, extract data, and assist in the decision-making processes of middle and operational level managers. Decision support systems (DSSs) are computer program applications used by middle and higher management to compile information from a wide range of sources to support problem ...