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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. [...]
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 [...]
What is the meaning / definition of Packaging, in the hospitality industry? Packaging is a common marketing strategy that involves offering several products for sale together. The price is usually bundled together so [...]
What is the meaning / definition of Package Rate in the hospitality industry? A room rate that includes the sales of goods and services. The most common time of package rate is in [...]
What is the meaning / definition of Profit and Loss Statement in the hospitality industry? Profit and Loss Statement can be abbreviated to P&L. It is a financial report, established on a fixed [...]
What is the meaning / definition of Overhead Costs in the hospitality industry? The term Overhead Costs, also called overhead expenses, refers to the indirect costs which occur when operating a business, while [...]
