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.
Geocoding is the process of converting addresses into geographic coordinates (using degrees of latitude and longitude).
What is the meaning / definition of Glostel?
The term Glostel is a portmanteau combining the words "Glamourous" and "Hostel".
Glostels, is a marketing term used to describe more chic and fashionable hostels, which stand out from their competitors due to their strong focus on art and fashion, while still catering to a similar budget as hostels. Furthermore, Glostels also offer shared accommodation and a more social atmosphere, whereby they differentiate from boutique hotels.
Golf Resorts is a full service lodging facility, that cater specifically to the sport of golf, and provides access to a golf course. Golf Resorts typically offer golf packages that provide visitors with all greens, cart fees, range balls, accommodations and meals.
|GOP - Gross Operating Profit||
What is the meaning / definition of GOP in the hospitality industry?
GOP stands for: Gross Operating Profit
It is a KPI which refers to the Hotels profits after subtracting all of their operating expenses. It illustrates the level of operational profitability of a hotel.
What is the meaning / definition of GOPPAR in the hospitality industry?
It is one of the most effective ways to look at your hotel´s performance and make adjustments that impact the best interests to achieve the hotel´s goals.
|Green Field Hotel||
What is the meaning / definition of Green Field Hotel?
It is a construction term meaning that the hotel is built on a land that has never been used before. Therefore, nothing has been demolished and the hotel is literally brand new.
What is the meaning / definition of Green Hotel in the hospitality industry?
A green hotel is a hotel that focusses on sustainability in its business practices. It differentiates itself from other hotels with its strong focus of reducing carbon emission, water usage, waste reduction and electricity usage, these type of hotels are trying to reduce their impact on the environment as much as possible.
Lately businesses have aimed to become greener by either participating in certification programs or by maintaining memberships in green hotel associations.
What is the meaning / definition of Gross Profit in the hospitality industry?
Gross Profit is the profit a company makes after deducting the costs of production (or the costs that allow the services to take place) from the net sales amount. Gross Profit is also called sales profit, sales credit or gross income. It only takes into account variable costs and disregards fixed costs such as building rent, marketing expenses, salaries etc.
What is the meaning / definition of Gross Revenue in the hospitality industry?
Gross Revenue refers to the total sales made by a business. It thereby highlights a business's ability to sell products and services, but it does not reveal if a company is able to strike a profit.
What is the meaning / definition of Group Displacement in the hospitality industry?
There might have been more profitability in refusing a group booking, even if it involved a group consisting of several people who wished to stay for several nights and even over the weekend.
What is the meaning / definition of Group Rate in the hospitality industry?
Hotels that frequently accept bookings from groups can offer reservations at a specially negotiated rate. This is called a Group Rate.
You might be wondering how many people (and therefore how many total rooms!) are involved for a booking to be categorised as a 'group booking'? Well, the answer is usually five rooms or more. It is quite rare that a hotel will accept a group booking, and therefore offer a reduced Group Rate, for less than five rooms.
|HCD - Hotel Content Database||
What is the meaning / definition of HCD in the hospitality industry?
HCD stands for: Hotel Content Database. HCD, formerly (ODD - Online Distribution Database), is a content database service offered by Pegasus Solutions. It includes text, images, geocoding, contact information etc. from the hotels in multiple languages.
|Heads in Beds||
What is the meaning / definition of Heads in Beds in the hospitality industry?
Of course, any hotel's aim is to maximise profits. The best way to do this is to make as many bookings as possible. When discussing the level of occupancy of hotel rooms, staff will often use the term: Heads in Beds. This may sound a bit strange, but it is true!
|HEDNA - Hotel Electronic Distribution Network Association||
What is the meaning / definition of HEDNA in the hospitality industry?
HEDNA stands for: Hotel Electronic Distribution Network Association. The non-for-profit organisation, founded in 1991, is dedicated to the advancement of hospitality distribution through strategic collaboration and knowledge sharing.
|HOD - Hotel Details||
What is the meaning / definition of HOD in the hospitality industry?