What is the meaning / definition of in the hospitality industry?

In the hotel industry, allocation describes the process of selecting a number of rooms and making them available for sale. A hotel manager may choose to allocate only a limited amount rooms towards sales in order to have them available for sale when expecting higher revenues at a later period.

This term is often used in reference to (Allocation or Allotment contract)

See also:

  • Inventory

Synonyms:

  • Allocation

Categories:

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