Discover published sets by community

Online Booking Engine: A software interface that allows for the direct booking of travel products on an agency’s website.

Revenue Forecasting Model: A predictive model used to estimate future revenue performance of a business, taking into account historical data, trends, and patterns.

Length of Stay: The number of nights a guest stays in a hotel.

Revenue Per Available Room: A performance metric in the hotel industry, which is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate. It can also be calculated by dividing total room revenue by the total number of available rooms in the period.

Net Revenue Per Available Room: Revenue per available room after considering the distribution costs. It's a performance metric in the hotel industry that factors in the costs of distribution.

Central Reservation System: An electronic system that provides a way for customers to book hotel rooms and other travel related services online.

Same Time Last Year: A reference to the comparative period in the previous year; used in trend analysis to measure performance, growth, or decline.

Net Operating Income: The revenue from property after operating expenses have been deducted, but before taxes and interest are deducted.

Online Travel Agency: A web-based marketplace that allows consumers to book travel-related services such as flights, hotels, and car rentals. Examples include Expedia and Booking.com.

Gross Operating Profit: The profit from all sources of operations after deducting related operating expenses but before income tax and interest.

Occupancy Rate: The ratio of rented or used space compared to the total amount of available space. For hotels, it's the number of occupied rooms divided by the total number of rooms.

Property Management System: A software application used to cover objectives like coordinating the operational functions of the front office, sales, planning and reporting, etc.

Hotel Occupancy Tax: A tax imposed by a city, state, or country on guests for the rental of a hotel room.

Average Daily Rate: A metric used to calculate the average price or rate for each hotel room sold for a specific day.

Total Revenue Per Available Room: A measure of a hotel's revenue across all sources of income, divided by the number of available rooms.

Global Distribution System: A worldwide computerized reservation network used as a single point of access for reserving airline seats, hotel rooms, rental cars, and other travel-related items by travel agents, online reservation sites, and large corporations.

Cost Per Occupied Room: The average cost to the hotel for each room that is occupied. It is calculated by dividing the total cost by the number of rooms occupied.

Revenue Generation Index: A measure of a hotel's market share performance compared to a set competitive market. It's calculated by dividing a hotel's RevPAR by the RevPAR of its competitive set.

Key Performance Indicator: A type of performance measurement that evaluates the success of an organization or of a particular activity in which it engages.

Earnings Before Interest, Taxes, Depreciation, and Amortization: A measure of a company's overall financial performance and is used as an alternative to net income in some circumstances.

Minimum Length of Stay: The smallest number of nights for which a hotel room can be booked at a particular rate.

Food and Beverage: Relates to the food and drink services offered in the hospitality industry such as in hotels, restaurants, and events.

Gross Operating Profit Per Available Room: A financial metric used that measures the total revenue of the hotel minus expenses, before taxes and interest, divided by the total number of available rooms.

Best Available Rate: The lowest non-restricted rate bookable by all guests. This rate can change several times a day depending on demand.