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What is the meaning / definition of Full Service Hotel in the hospitality industry? The term full service hotel, describes a hotel which offers a variety of different services and includes all of [...]
What is the meaning / definition of Friends & Family Rate in the hospitality industry? The term friend and family rate, refers to the rate given to family members and friends of employees [...]
What is the meaning / definition of Franchisor in the hospitality industry? A person or company that grants a franchise to an individual, group or business through an agreement. Their role consists of [...]
What is the meaning / definition of Franchisee in the hospitality industry? The Individual, group or business that possesses or operates a franchise under an agreement with a franchisor. Being a Hotel Franchise [...]
What is the meaning / definition of Franchise Fee in the hospitality industry? The Franchise Fee or cost is an initial payment that a franchisee makes towards his franchisor in order to join [...]
What is the meaning / definition of Franchise Disclosure Documents? The term Franchise Disclosure Document, also known under the acronym FDD, refers to a legal document implemented in 2008, in the US. It [...]
