Hotel Revenue & Management Blog

What is the meaning / definition of Resort Fee in the hospitality industry? A fee that is an additional charge to the room rate at resorts. This fee may be a base fee, daily fee or a percentage based on the price of an overall stay and is mandatory to pay. This fee may cover all amenities and services or [...]

What is the meaning / definition of Reservation Fee in the hospitality industry? The term reservation fee, refers to the fee charged by a hotel for booking a room. It is very similar to a Security Deposit – meaning it is paid in order to secure the room of the buyer. Though it is only then refundable if the buyer [...]

What is the meaning / definition of Representation Company, in the hospitality industry? Representation Company is a company that manages either the entire hotel or an outlet at the hotel on behalf of the property. As part of outsourcing, a representation company can be on-site or off-site, depending on the needs of the hotel. There are several reasons why a [...]