What is the definition of Net Revenue in the hotel industry?
The term Net Revenue, also recognized as net income can be establish at the base of every revenue statement. Net means free from all subtractions and revenue refers to the income produced by association. To compute Net Revenue, first add all of the expenses planned on your income statement such as materials, fees, rent, transportation, office supplies, utilities and taxes together. Thereafter, deduct the sum of these expenses from the total income to find your net income.