Hotel terms. Hotel Glossary Terms

Benchmarking: A method of comparing a hotel against competitors. Also known as Revenue Management. It allows the businesses to sell the product and take payment and record the whole transaction on the system. Corporate Rate: A special reduced rate for guests staying on business under negotiated terms. Rack Rate: The original price of a hotel room before any discounts or promotional rates are applied.

 

Discover must-know hotel terms! Have better conversations & build stronger relationships when you learn the acronyms in the hotel dictionary.Eco-Tourism: Eco-tourism is the form of tourism in which a remote and untouched natural location is visited.

 

The Xotels Glossary clarifies hotel and revenue management terminology. Our hospitlaity dictionary explains the meaning of + words, terms.Cabaret Set-up: Cocktail tables, chairs, and a stage make up the room set.

 

A glossary of Hotel Revenue Management terms revenue leaders need to know. Learn the words, definitions, and phrases used in the hospitality industry.Basically, the comparison is made with the best performing organizations in the business.

 

Here's a handy glossary with hotel industry terminology, business jargon and technological terms to help you understand your products and services.An IBE is installed on the home page of an airline to enable easy access for customers.

 

Complete List of All Hotel Management Glossaries, Hotel Terms Definitions, Jargons, Lingo, Key Hotel Terms, Front Office Key Terms, F&B Service Key Terms.IDS: The Internet Distribution System is a collection of internet reservation systems, travel websites and portals which specialize in internet marketing of travel and related services directly to consumers.

 

Hotel & Hospitality Terminology · Hotel Allocation · Hotel Brand · Hotel Cut Off Days · CTD – Closed To Departure · CTA – Closed to Arrival · Hotel.Administrative theory first introduced by Henri Fayol, it was an attempt to apply scientific principles to a business organization.

 

Hotel Vocabulary ; inn noun, another word for "hotel", There's an inn on the other side of town that has a vacancy. ; Jacuzzi, hot tub, whirl pool noun, a small.It helps in getting the exact location of an address in the basis of its longitude and latitude values.

 

Hotel Terminology and Key Industry Jargon · Room Type: Every hotel classifies their guest rooms differently: by size, beds, or amenities. · Hotel.Transient Demand The anticipated volume of business from transient market segment groups.

 

Glossary: A Handy Guide to Hotel Terms · Advance rates: Low rates advertised by the hotel to encourage guests to book in advance. · Late arrival.FOH: Front of House is the area accessible to the guests.

 

Yield: It is the profit of the hotel when a room is sold. YTD: Year to date is the period between the first day of a year to the current date.Commissionable Rate Commitment: Contract where a portion of the room rate is to be paid to a sponsoring group or third party such as an intermediary planner.

 

Yield Management: Process of understanding, anticipating, and reacting to consumer behavior to maximize revenue.

 

Affinity Group: A group formed around a common interest where members are usually of the same organization.

 

Fixed asset turnover.

 

Room Block A group of rooms that may be created to organize rooms to aid in planning, sales or other management tasks.

 

The rate is determined by which fences a guest accepts, which might include non-refundable, non-cancelable reservations and advanced purchase reservations.

 

Examples include Kayak and TripAdvisor.

 

It illustrates the level of the operational profitability of a hotel.

 

Hotel Wholesaler What is a hotel wholesaler?

 

Cut Off Days or sometimes also called Cut Off Hours or Cut Off Date allows inventory to be closed out, or appear unavailable to the customer, starting at a certain number of days

 

Rate Shopping System An online service that supplies competitor rate data to hotels.

 

Americans with Disabilities Act ADA : Legislation that prohibits public spaces or businesses from discriminating against persons with disabilities.

 

Closing Ratio: The percentage of calls to contacts resulting in a verified sale.

 

The on-site manager makes the BEO.

 

Refreshment Break: Period between sessions of an event that is accompanied by snacks and beverages.Forum Hotel terms

 

Room Class Categories used to group room types with similar values.

 

In agency model payment is on per room basis.

 

Such charges are called late charge.

 

Advance Rates: Advance Rates are the discounted rates given to encourage guests to make advance bookings.

 

It contains the details of the event so that the different departments of the hotel can get the guideline to operate.

 

Usually, in dual brand hotels, two different brands of the same hotel chain co-exist.

 

Hotel Terminology forum? You achieve rate parity for your hotel when the same rate structure exists across all of your hotel's distribution channels.

 

Used to determine if a hotel is capturing their fair share.

 

Discrepancies and must be investigated.

 

Room check is a visual look at guestrooms that are supposed to be ready to receive guests for the purpose of verifying status.

 

Cutoff Date The contracted date when the hotel closes a group block and releases unsold rooms to inventory.

 

Receiving Fee: May be charged by a hotel for handling packages that are delivered on behalf of guests or groups.

 

A search tool that aggregates rates and inventory from other websites to produce its own results.

 

Special Event A date or set of contiguous dates for which the hotel data cannot be forecasted in the normal fashion, or period s where the transient business pattern is different than normal.

 

Channel Management: Techniques used by hotels to optimize performance across distribution channels such as OTAs.

 

Group Wash The difference between the final occupancy from a group and the maximum value of the block pace or the pickup pace.

 

T Total Revenue Performance The intelligent calibration of demand across all revenue streams to meet overall business objectives.

 

Semi-Yieldable Rates Qualified rate plans, often wholesale or corporate negotiated rates, that due to contractual terms can only be closed out when the Best Available Rate is not available for the same combination of room type and length of stay.