What is the meaning / definition of Vacation Rental in the hospitality industry? A vacation rental is the renting out of a furnished […]
What is the meaning / definition of Underbooked in the hospitality industry? Underbooking is a situation that happens when a hotel has failed […]
What is the meaning / definition of Unconstrained Demand in the hospitality industry? Unconstrained demand refers to the quantity of rooms in […]
What is the meaning / definition of Pegasus Switch, in the hospitality industry? Pegasus (or Pegasus Solutions) is the largest processor for electronic hotel transactions […]
What is the meaning / definition of Turnaway in the hospitality industry? Sometimes, a hotel simply cannot accommodate a guest who has already […]
What is the meaning / definition of TrevPOR in the hospitality industry? TRevPOR stands for: Total Revenue Per Occupied Room TRevPOR considers total revenue per […]
What is the meaning / definition of TREVPEC in the hospitality industry? TREVPEC stands for: Total Revenue Per Client It is is a […]
What is the meaning / definition of TREVPAR in the hospitality industry? TREVPAR stands for: Total Revenue Per Available Room It is a hotel […]
What is the meaning / definition of Travel Agent in the hospitality industry? Travel Agent is a person whose job it is […]
What is the meaning / definition of Transient in the hospitality industry? At most hotels, guests fall into two main categories: […]