What is the meaning / definition of Zero Base Budgeting in the hospitality industry? Zero Base Budgeting can […]
What is the meaning / definition of Youth Hostel? A youth hostel is a lower priced accommodation type in the hospitality industry catering towards a […]
What is the meaning / definition of Yield Management in the hospitality industry? Simply put, the purpose of Yield Management (aka Revenue Management) is […]
What is the meaning / definition of Yield in the hospitality industry? Yield simply means revenue made. But a common mistake is […]
What is the meaning / definition of Worldspan in the hospitality industry? Worldspan is a company providing worldwide electronic distribution of travel information, internet […]
What is the meaning / definition of Workcation in the hospitality industry?The term ‘Workcation’ is formed by blending the words ‘Work’ […]
What is the meaning / definition of Wholesaler in the hospitality industry? A Wholesaler is a 3rd party organization that sells hotel room nights. Wholesalers […]
What is the meaning / definition of Walk In in the hospitality industry? Sometimes, even though a hotel accepts a reservation from an […]
What is the meaning / definition of Vouchers in the hospitality industry? Voucher is a ‘coupon’ given to a guest for […]
What is the meaning / definition of Voice in the hospitality industry? The term Voice represents all kind of reservations of a hotel where the voice is […]