Here you will find my opinion articles
What is the meaning / definition of Zero Base Budgeting in the hospitality industry? Zero Base Budgeting can be abbreviated as ZBB. The term is used when the budgeting for hiring employees takes [...]
What is the meaning / definition of Youth Hostel? A youth hostel is a lower priced accommodation type in the hospitality industry catering towards a younger target market. The facilities, amenities, product and [...]
What is the meaning / definition of Yield Management in the hospitality industry? Simply put, the purpose of Yield Management (aka Revenue Management) is to achieve maximum revenue/profit. To do this, a yield [...]
What is the meaning / definition of Yield in the hospitality industry? Yield simply means revenue made. But a common mistake is to assume that Yield is the revenue created from the selling [...]
What is the meaning / definition of Worldspan in the hospitality industry? Worldspan is a company providing worldwide electronic distribution of travel information, internet products, connectivity and e-commerce capabilities for travel agencies and [...]
What is the meaning / definition of ‘Workcation’ in the hospitality industry? The term ‘Workcation’ is formed by blending the words ‘Work’ and ‘Vacation’. By combining business and leisure travel (also known as Bleisure), people can combine [...]
