Need to know what a hotel term means? Look it up in the Xotels Glossary. We explain definitions of terminology industry lingo from hotel revenue management, ecommerce, marketing and distribution.
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 physical contact.
|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.
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).
What is the meaning / definition of EBITDAR in the hospitality industry?
EBITDAR stands for: Earnings Before Interest, Taxes, Depreciation, Amortization, and Rent
It is the same calculation as EBITDA, with the exception that rents and/or restructuring costs are excluded from the expenses.
|Electronic Distribution - ED||
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.
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 authorized set of customers. In other words it is a channel which can be administered externally via a login into the system.