What is the meaning / definition of in the industry?

The term is used in the Hotel industry to designate a certain of pre-negotiated rooms which have been bought out and held by a third party (such as a travel organiser, wholesaler, tour operator, hotel consolidator, travel agent, OTA).

Allotments can be contracted with a tour operator or an for a specific period of time such as a whole season, part of a season or for any single dates and then resold to travel partners and final customers around the globe. A couple of days prior to guest arrival any unsold rooms may be released back to the supplier if such an exists between the two parties. An release back period is also negotiated as part of the allotment contract (e.g. four days prior to arrival). This frame of time is called release period or cut off date.

Allotments can be flexibly managed via an or channel manager.

See also:

  • Inventory

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