Virtual Hotel Operator & Chain
Virtual Hotel Operators / Chains (or VHO in short) offer independent hotels the opportunity to benefit from international exposure and management expertise brought in by the VHOยดs umbrella branding without sacrificing their own identity and service quality. On the contrary, choosing the right VHO will result in higher performance across the [...]
Vouchers
What is the meaning / definition of Vouchers in the hospitality industry? Voucher is a โcouponโ given to a guest for a specific prepaid service (accommodation in a hotel) handheld out by a travel agency. As a form of a โreceiptโ the traveler can then claim the service he paid for. [...]
Voice
What is the meaning / definition of Voice in the hospitality industry? The term Voice represents all kind of reservations of a hotel where the voice is used to make a booking. This is usually phone reservations, call centres and CROs. The importance of voice reservations as a distribution channel is [...]
Variable Pricing
What is the meaning / definition of Variable Pricing in the hospitality industry? The term Variable Pricing refers to cases in which a business offers a variety of price points throughout different locations, point-of-sale at different times. Variable pricing focusses on finding the optimal balance in between the volume of sales [...]
Valuation
What is the meaning / definition of Valuation in the hospitality industry? The term Valuation describes the process of assessing a companyโs or assetโs economical worth. This is done by evaluating the structure of capital, market value of assets and prospects of future earnings. Often Valuations are required when a business [...]
Vacation Rental
What is the meaning / definition of Vacation Rental in the hospitality industry? A vacation rental is the renting out of a furnished apartment, house, or professionally managed resort-condominium complex on a temporary basis to tourists as an alternative to a hotel. AirBnB is currently the most famous example for the [...]