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Definitions (78)
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Inventory
The rooms available that the hotel has to distribute/sell across all channels.
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Preferred Placement
Enhanced visibility for hotels on travel agent terminals through the travel channels.
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Closed to Arrival
A inventory technique that prevents reservations from arriving on a date. Reservations can stay through a date.
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Fences
Rate rules that may include restrictions such as advance booking cutoffs or non-refundable payments.
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Housekeeping Asset
A Housekeeping Asset is a consumable item used to maintain a Room-Type such as toilet paper, cleaners, soaps, shampoo, etc.
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Last Room Availability
Strategy to allow travel sources to book the last room a hotel has available at a contracted rate.
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Actual Share
The percentage of the room nights or revenue that a property captures during a particular time frame compared to the properties competitive set. To calculate take total room nights or revenue sold at [..]
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availability
The number of open rooms for a specific type of accommodation and set of dates.
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average daily rate
Calculated by dividing actual daily revenue by the total number of rooms sold.
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average length of stay
Calculated by dividing the number of room nights by the number of bookings.
Meaning awaits approval from a moderator |
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