Here you will find my opinion articles
What is the meaning/ definition of Rate Hurdle in the hospitality industry? The term Rate Hurdle also known as Lose-It Rate refers to a type of rate that sets a threshold that must [...]
What is the meaning / definition of Rate Fences in the hospitality industry? Rate Fences are rules that apply to rates. Meaning that to book a certain rate, there will be specific conditions [...]
What is the meaning / definition of Rack Rate in the hospitality industry? When it comes to setting prices for rooms, establishing the highest rate is important. This rate is called the Rack Rate, [...]
What is the meaning / definition of Property in the hospitality industry? Property is such a general term, isn’t it? Domestic property, commercial property, property for sale, rented property, lost property! In Hospitality, [...]
What is the definition of PROFPAR in the hospitality industry? PROFPAR stands for: Profit Per Available Room PROFPAR is a KPI calculation of profit earnings for each room available in the hotel. PROFPAR [...]
What is the meaning / definition of Private Label Chain Code, in the hospitality industry? Private Label Chain Code is a 2-letter code, which is used mainly by the GDS to identify chain [...]
