What is the meaning / definition of in the hospitality industry?

stands for: Per Available Square Meter

It is a  relevant for hotels which rent out its space for and banquets. The utilization efficiency of the sales department is calculated on the per available square meter of the banquet space.

How do you calculate REVPAM?

  •  Formula: Revenue / Available square meter of banquet space (m2)

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Synonyms

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