AGM - Annual General Meeting

Search for glossary terms (regular expression allowed)
Begin with Contains Exact termSounds like
Term Definition
AGM - Annual General Meeting

What is the meaning / definition of Annual General Meeting in the hospitality industry?

A Annual General Meeting (AGM) is a gathering that is held every year to discuss the issues and concerns, the proposed solutions and goals facing a business or hotel in the upcoming year. It is also in this meeting that improvements are made and budgets are formed.

This meeting is done with higher management, like a General Manager, a CEO, and/or the hotel's owner(s) of the hotel. The General Manager commonly goes over the goals of last year’s general meeting first, then explains the proposed goals for upcoming year. The meeting is usually held at the end of a hotel's fiscal year, rather than the end of a calendar year.

Through this annual meeting a hotels owner(s) gets the opportunity to be on the same page as a hotels CEO. This way a hotel owner, who may not be actively part of management, has a chance to enforce his/her vision for the future of the hotel.

See also:

Synonyms: AGM

Amsterdam - Bangkok - Barcelona - Brussels - Dubai - Jakarta - London - Miami - New York - Paris

Xotels Ltd., Zandvoortselaan 10, 2042 XA Zandvoort, The Netherlands
Chambers of Commerce, Haarlem - the Netherlands, Nr: 34 24 13 54

Our Partners: HotelScienz - Veturi Hotels - Vojo-Ventures - Rimedo - Kabano Rentals

Aggregated Rating Score