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What is the meaning / definition of Booking in the hospitality industry? Booking is an act of reserving an accommodation, a table, a seat, a flight, a trip etc. in advance. A booking can have different conditions like: payments upon arrival, cash payment, non-refundable, etc. Mostly used for services provided in [...]

What is the meaning / definition of Bleisure? Bleisure is a term used to describe travel that combines both business and leisure, by not comitting to one purpose solely. People on a bleisure trip, will typically add some extra days to their business trip in order to relax. This is often [...]

What is the meaning / definition of ‘Bizcation’ in the hospitality industry? The term ‘Bizcation’ is formed by blending the words ‘Business’ and ‘Vacation’. By combining business and leisure travel (also known as Bleisure), people can combine work trips and vacation as a chance to explore new and exciting places whilst being away for work. Example: [...]

What is the meaning / definition of Bed Nights in the hospitality industry? Bed Nights is a measurement term used in the hospitality industry. It allows key insights that other measurements overlook. It allows key insights that other measurements overlook and it is key in every Revenue Management Strategy. How to [...]

What is the meaning / definition of Bed & Breakfast? A Bed & Breakfast or B&B is an accommodation type which provides an overnight stay as well as the first meal of the day included in the price. The accommodation is often a guesthouse which has a small number of rooms. [...]

What is the meaning / definition of Beach Resort in the hospitality industry? A Beach Resort is a full service holiday lodging facility, located at the seaside, with access to a private beach. The beach being the primary focus for tourists. A Beach Resort offers a wide range of services and [...]

What is the meaning / definition of BAR Pricing Strategy? A BAR Pricing Strategy is a revenue management strategy, based on the Best Available Rate. It is also called a fixed tiers approach because, you are going to fix your BAR, meaning the lowest price available in your hotel and set [...]

What is the meaning / definition of Best Available Rate in the hospitality industry? BAR stands for Best Available Rate which is the lowest rate of the day that is available for guests to book. The BAR rates are available to the general public, does not require pre-payment and does not [...]

What is the meaning / definition of B2C in the hospitality industry? Known as Business to Consumer/ Customer is a term that refers to the sale of products or services to individual customers and/or guests to create a profit. B2C is the most common way that hotel sales are made, which [...]