What is the meaning / definition of TREVPEC in the hospitality industry?
TREVPEC stands for: Total Revenue Per Client
It is is a very favourable KPI metric to calculate the total revenue generated per customer. It is also taking into account double and family occupancy factors.
How do you calculate TREVPEC?
- TREVPEC Formula: Total Revenue* / Total Number of Guests
*Total Revenue = Accommodation + Breakfast + Spa + Bar + Mini Bar +[Any other extra revenue]
- Total Revenue Per Client