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An income statement that lists (1) actual hotel operating results from a specific time period, as well as (2) budgeted operating estimates for the same time period, and, finally (3) the actual operating results from the prior year's same time period. Triple. A room assigned to three people, may have two or more beds.
The use of forecast, inventory, rate, configuration, and user interaction to calculate the best pricing and inventory control decisions that maximizes quality revenues for a hotel. Optimal …
The Xotels Glossary clarifies hotel and revenue management terminology. Our hospitlaity dictionary explains the meaning of 500+ words, terms, abbreviations and acronyms.
Dynamic pricing. Also known as fluid pricing, market-driven pricing and demand-based pricing. It is dynamic because rates change with forecasted demand rather than being static. Automated …
Merchant Rate: A business model used by OTAs to markup hotel net rates to sell to the public. MICE: Industry acronym for Meetings, incentives, Conference, & Exhibitions. Minimum …
How Loco Taqueria and Fat Baby Have Made Changes on the Fly. COVID-19 has made it essential for restaurants to rethink their normal operations. Here's how Fat Baby and …
Finally we completed "Encyclopedia of Hotel Management Terminology" (The Biggest Collection of Hospitality Glossary). We got tons of requests regarding hotel …
A metric that assumes an even distribution of supply, demand and revenue among all properties in a selected group. An index of 100 indicates a property has achieved its fair share. For …
Take-Out: When a customer orders food from your restaurant with the intention of eating it somewhere else. Tare: The weight of the container that a product is delivered in, this number should be subtracted from the total weight of the …
The Average Rate Index (ARI) is a property management performance metric that compares Average Daily Rate (ADR) with the property’s competitive set for a given period of time. A …
It’s one of the most important metrics to measure a hotel’s success, as it provides useful insights to forecast revenues and cash flow. How to calculate it: (Total number of …
Cover – Refers to diners within a restaurant. E.g) A hotel restaurant achieved 30 covers (30 people dined) CRM – Customer Relationship Management. Commonly automated to include …
This handy glossary includes the main terms related to the hotel industry, from A to Z, and will get you up to speed with the language of the hospitality field! In this glossary, we …
Definition: A predetermined amount of time – usually three, four, six or twelve months – that a restaurant uses to report its finances. Tax reporting day (April 15th) is a twelve-month …
Incentive Fee: A highly negotiated management fee provided to the manager based on incremental profitability and manager’s operational expertise. Independent Hotel: A hotel with …
Generally root vegetables, potatoes, carrots, but sometimes zucchini or other soft vegetables are used. Traditionally, they are boiled, steamed or roasted. * Turn & Burn – Turn a table quickly …
Restaurants near Hotell Stella, Uppsala on Tripadvisor: Find traveler reviews and candid photos of dining near Hotell Stella in Uppsala, Sweden.
Katalin and All That Jazz. #61 of 333 Restaurants in Uppsala. 68 reviews. Ostra station. 0.1 miles from Uppsala Central Station. “ Music from the 60th's and 70th... ” …
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