What is the meaning / definition of Gross Revenue in the hospitality industry?
It is the company’s revenue minus the cost of goods sold (COGS). In this case it is also referred to as gross profit and, when expressed as a percentage of revenue, gross margin. Gross Revenue can be found on the top line of a company’s income statement. In order to calculate the Gross Revenue, together the total value of all sales must be added together.
- Gross Revenue = Total Revenue – Cost of Goods Sold
- Net Revenue
- Gross Profit