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What is the meaning / definition of Capital Reserve in the hospitality industry? The term Capital Reserve refers to an account on a balance sheet containing capital reserved for specific circumstances. Any profit [...]
What is the meaning / definition of Capital Expenditure in the hospitality industry? Capital Expenditure, also known as Capex, refers to all capital improvement costs of owning hotels over an asset’s life span, [...]
What is the meaning / definition of Cancellation Clause in the hospitality industry? The term cancellation clause refers to the terms mentioned in the hotel booking contract, in which the hotel states under [...]
What is the meaning / definition of Cancellation Rate in the hospitality industry? Cancellation Rate, often displayed as a percentage, highlight the rate at which a hotel has its bookings cancelled. Hoteliers should [...]
What is the meaning / definition of Business Mix in the hospitality industry? The term business mix refers to the overall mix of guest types that make up the clientele staying at a [...]
What is the meaning / definition of Business Hotel? A Business Hotel is an establishment where the main client segment stems reason for travel is business. Due to several reasons this segment establishes [...]
