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.
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.
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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, 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 its financial performance.
How do you calculate EBITDAR?
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 green energy and ending at small details such as recyclable straws instead of plastic ones. Eco Hotels have become a preferred accommodation type for environmentally conscious travellers.
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 to be as sustainable as possible in their usage of resources. Furthermore they aim to improve the welfare of the local population by supporting local suppliers and workers.
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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 authorised set of customers. In other words it is a channel which can be administered externally via a login into the system.