Agency Model
What is the meaning / definition of OTA Agency Model in the hospitality industry? In hotel revenue management when talking about an Agency Model, we are referring to the commercial model of an OTA (online travel agency). The main characteristic of the Agency Model OTA is that the guest pays the [...]
Adult Only Resort
What is the meaning / definition of Adult Only Resort? Resort targeted towards couples and groups who wish to have a romantic or relaxing holiday. The hotels are only available for guests above the age of 18. The hotels cater towards an older audience which allows them to specify their service [...]
ADS – Alternative Distribution System
What is the meaning / definition of ADS in the hospitality industry ? Alternative Distribution System, short ADS is a term used to describe the distribution via 3rd party websites. This includes online travel agencies (OTA), travel portals, travel search engines / directories, online hotel consolidators, airline websites with online reservation [...]
ADR – Average Daily Rate
What is the meaning / definition of ADR in the hospitality industry? ADR stands for: Average Daily Rate It is a KPI used to calculate the average price or rate for each hotel room sold for a specific day. It is one of the most common financial indicators to measure how [...]
Administration Costs
What is the meaning / definition of Administration Costs? Administration costs, also known as overhead costs or fixed costs are the costs which incur on a business or hotel solely from running. These overhead costs are not directly impacted by manufacturing, production or sales volume and can therefore be described as [...]
ABR – Average Bed Rate
What is the meaning / definition of Average Bed Rate (ABR) in the hospitality industry? ABR stands for: Average Bed Rate The “Average Bed Rate” is the total amount charged for beds, divided by the total number of beds sold. This ratio allows revenue managers to measure more than just the [...]
AAA Five Diamond Award
What is the meaning / definition of AAA Five Diamonds Award? The AAA Five Diamond Award is an independent hotel appraisal system rewarded by the AAA (American Automobile Association) to hotels in the U.S., Canada, Mexico and the Caribbean. It can be compared to the 5 Star hotel classification system, known in [...]
