Hotel Revenue & Management Blog

What is the meaning / definition of Next Generation Seamless, in the hospitality industry? NGS stands for: Next Generation Seamless. It is a hotel reservation systems technology of data sharing across the web. NGS integrates the hotels CRS / PMS information directly with the GDS. Meaning the user (travel agent) can recall data (rates and availability) in real time which [...]

What is the meaning / definition of Net Revenue in the hospitality industry? The term Net Revenue, also known as net income can be found at the bottom of every income statement. Net means free from all deductions and revenue refers to the income generated by organisation. To calculate Net Revenue, first add all of the expenses listed on your [...]

What is the meaning / definition of Net Rate in the hospitality industry? In hotel distribution we work with many rate levels. Room inventory is sold via some third party distributors at prices that are subject to commission. Others negotiate a (sometimes lower) price with the hotel that does not include a commissions. Such a rate is called a Net [...]