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What is the meaning / definition of Prepaid Rate in the hospitality industry? The term Prepaid Rate, refers to paying for the stay at a hotel in full at the time of booking, rather than at arrival or departure from the hotel. Paying the prepaid rate generally can come with large [...]

What is the meaning / definition of Preferred Placement, in the hospitality industry? Preferred Placement means an enhanced visibility for hotels on travel agent terminals (through GDS) and on internet travel sites (through ranking strategies). Preferred Placement strategy has a positional advantage. The hotel benefits from those ‘HOT displays’ and from [...]

What is the meaning / definition of a Poshtel? A Poshtel is a portmanteau combining the words posh and hostel. The term refers to upscale/luxury hostels that deliver the style and comfort of boutique hotels, while staying in the price range of hostels. This type of accommodation is a rising trend, [...]

What is the meaning / definition of Porterage Fee in the hospitality industry? A fee that may be given to a group or individual guest for the use of a doorman and bellboy. This fee is commonly given to large groups in hotels, hotels with a unions and resort hotels where [...]

What is the meaning / definition of Pod Hotel? Also known as Capsule Hotel, is a hotel that provides accommodation in form of a small clear capsule rooms, which are as large as a single bed. These hotels originated in Japan in the core business districts. They were originally meant for [...]

What is the meaning / definition of PNR, in the hospitality industry? PNR stands for: Passenger Name Record. It is commonly used in the travel industry and it’s basically a ‘file’ in the database of the system (GDS or CRS/ PMS) which contains information about a passenger (or a group of [...]

What is the meaning / definition of PMS, in the hospitality industry? PMS stands for: Property Management System. It is a local hotel administration system used for reservation, availability and occupancy management, check-in/out, images, guest profiles, report generation etc. This application is used in-house (in an individual hotel) to control the [...]

What is the meaning / definition of Pegasus, in the hospitality industry? Pegasus (or Pegasus Solutions) is the largest processor for electronic hotel transactions and offers distribution services to about 100.000 hotels worldwide. It offers an advanced distribution service called ‘seamless connectivity’. Its function is the connection between the hotels CRS [...]

What is the meaning / definition of PCC, in the hospitality industry? PCC stands for Pseudo City Code and is a GDS code, used to identify the location of a travel agency. It is a short (usually 3-5 characters long) alpha-numeric (or combination of both) code and differentiates between different travel [...]