Experienced Hotel Sales Manager - Corporate/Sports (OEM) job.
Consequently, what does the acronym OEM stand for?
OEM (pronounced as separate letters) is short for original equipment manufacturer, which is a somewhat misleading term used to describe a company that has a special relationship with computer and IT producers. OEMs are typically manufacturers who resell another company's product under their own name and branding.
What does GOP stand for in hospitality?
GOPPAR is the abbreviation for gross operating profit per available room, a key performance indicator for the hotel industry.
Are OEM products good?
Good quality After all, an OEM product is still the same product manufactured by the original manufacturer but just uses the OEM's branding. Though there are cheaper versions, the price of the OEM product reflects its quality.
What is a good RevPar?
On average, you rent out about 45 of those rooms every night, making your occupancy rate about 90%. If you charge an average of $100 per night, your RevPAR looks like this: $100 x 0.90 = $90. Basically, RevPAR is the money you're pulling every night from every room in your hotel, not just the ones that are booked.