Experiential Travel / Immersive Travel
As the name suggests, experiential travel or immersive travel gives importance to experiencing the destination on a deeper level, allowing travellers to ยดimmerseยด themselves into the local culture rather than lightly touching ground with what the destination has to offer culturally. At XOTELS, we have seen an increase in demand for [...]
Extranet
What is the meaning / definition of Extranet in the hospitality industry? An Extranet is a website that allows controlled access to partners, vendors and suppliers or an authorised set of customers. In other words it is a channel which can be administered externally via a login into the system. We [...]
ED – Electronic Distribution
What is the meaning / definition of ED in the hospitality industry? ED stands for: Electronic Distribution (also called online distribution). It is a type of distribution that uses purely electronic media. E-distribution is an important component of E-commerce. In hospitality it encompasses all the electronic channels of distribution, which can [...]
Eco Lodge
What is the meaning / definition of Eco Lodge in the hospitality industry? The term eco lodge refers to a type of accommodation located in a remote destination in nature. Generally eco lodges are equipped with less than 30 rooms. They are designed to have minimal impact on the environment and [...]
Eco Hotel
What is the meaning / definition of Eco Hotel in the hospitality industry? The term Eco Hotel describes a type of hotel which heavily emphasises sustainability in all its services and products delivered. There are many areas where Eco Hotels show their ability to be sustainable, starting with areas such as [...]
EBITDAR – Earnings Before Interest, Taxes, Depreciation, Amortisation, and Rent
What is the meaning / definition of EBITDAR in the hospitality industry? EBITDAR stands for: Earnings Before Interest, Taxes, Depreciation, Amortisation, and Rent It is the same calculation as EBITDA, with the exception that rents and/or restructuring costs are excluded from the expenses. It is useful KPI for hotels to evaluate [...]
EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization
What is the meaning / definition of EBITDA in the hospitality industry? EBITDA stands for: Earnings Before Interest, Taxes, Depreciation and Amortization. This KPI is used to determine how profitable a company or business is with regard to its operations (the profit on the products it produces and sells). EBITDA is [...]
Early Bird Discount
What is the meaning/definition of Early Bird Discount in the hospitality industry? Hotels can increase advanced bookings by offering something called an Early Bird Discount. This is a type of promotion that many hotels across the world use to increase revenue. It is also popular with consumers, who always like to [...]
E-commerce
What is the meaning / definition of E-commerce in the hospitality industry? E-commerce is also known as Electronic Commerce (or EC). It refers to commercial transactions conducted electronically on Internet. It means basically any form of business transaction in which the parties interact electronically rather than by physical exchanges or direct [...]