Glossary
Independent Hotel
Independent Hotel is a Hotel with no Franchise or chain affiliation. It may be owned by an individual proprietor or a group of investors.
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Proprietary Booking Engine | ■■■■■ |
Proprietary Booking Engine is an Internet Reservation System that is owned and operated by an individual . . . Read More | |
Membership | ■■■■ |
Membership in the travel context refers to a status or affiliation with a travel-related organization, . . . Read More | |
Hotel | ■■■■ |
Hotel is a large Lodging Facility that also often provides food and beverage services on site. Hotels . . . Read More | |
Organisation | ■■■■ |
Organisation is a deliberate arrangement of people to achieve a particular purpose. "Organization" in . . . Read More | |
FIT | ■■■■ |
FIT is the foreign Independent touractually used generically now for a Travel Package put together by . . . Read More | |
Reservation | ■■■■ |
Reservation is a guestroom that is being held under an individual or business' name for a specific date . . . Read More | |
Guest Mix | ■■■■ |
Guest Mix is the variety and percentage Distribution of Hotel guests (for example, business, leisure, . . . Read More | |
Group Reservation | ■■■■ |
Group Reservation is a Block of multiple guestrooms that are being held under an individual or business' . . . Read More | |
Fractional Residences | ■■■■ |
Fractional Residences are typically offered by a Resort or hotel, fractional residences are a type of . . . Read More | |
Net wholesale rate | ■■■■ |
Net wholesale rate: Net Wholesale rate is a rate usually slightly lower than the Wholesale rate, applicableto . . . Read More |