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.
|CTD - Closed to Departure||
What is the meaning / definition of CTD in the hospitality industry?
CTD stands for Closed to Departure. It is a specific set of days guests cannot make their reservation for with this date as check-out.
|CTA - Closed to Arrival||
CTA stands for Closed to Arrival. It is a yield tool used to close days our from reservations arriving on a particular day.
|CRS - Central Reservations System||
What is the meaning / definition of CRS in the hotel industry?
CRS stands for: Central Reservations System. It is a computerized reservation software used to maintain the hotel information, room inventory and rates, to manage the reservation and process. A CRS provides hotel room rates and availability for many different distribution channels such as the GDS, IBE, OTA, 3rd party websites etc.
|CRO - Central Reservations Office||
What is the meaning / definition of CRO in the hospitality industry?
CRO stands for: Central Reservations Office.
It is a system that allows reservation agents to receive reservation requests by phone and to handle them immediately.
|CPOR - Cost per Occupied Room||
What is the meaning / definition of CPOR in the hospitality industry?
CPOR stands for Cost Per Occupied Room.
The CPOR formula helps calculate the average cost per occupied room in the hotel. This is another KPI to measure and analyze if the operating cost for each room is reasonable.
What is the meaning / definition of Consortia in the hospitality industry?
Consortia are Associations or Marketing organizations which link together small to medium sized independent travel agencies to leverage purchasing power and marketing opportunities. Examples of Consortia are American Express, Carlson Wagonlit, BCD Travel or HRG.
What is the meaning / definition of Complimentary in the hospitality industry?
Complimentary services or products are those given to an audience / a customer without charge. This term is often used in the tourism and hospitality industry.
|Comp Set - Competitive Set||
What is the meaning / definition of Comp Set in the hospitality industry?
What is the meaning / definition of Commission in the hospitality industry?
Commission is a charge that a hotel pays to third parties (travel agents, OTAs) for selling their hotel rooms. It is usually a fix percentage of the room rate.
What is the meaning / definition of Close Out in the hospitality industry?
Hotel rooms made unavailable from sales. Such a closed out could be for a variety of reasons, and applied to individual market segments.
What is the meaning / definition of Channels in the hospitality industry?
A term that refers to Distribution Channels and that describes the different methods / platforms buy which / in which bookings for a hotel are made. A Channel can be a hotel’s booking engine a direct phone reservation or a specific stream of revenue such as a 3rd party website, an OTA, etc.
What is the meaning / definition of Channel Management in the hospitality industry?
What is the meaning / definition of Chain Hotel in the hospitality industry?
A Chain Hotel is a hotel that is part of a series or of a group of hotels operated by the same company or owner. Opposite of an independent hotel it is a ‘chain-affiliated’ hotel.
What is the meaning / definition of Chain Code in the hospitality industry?
Chain Code is a two-character code used to identify hotel chains within a GDS. Chain codes may vary by GDS.
|BRG - Best Rate Guarantee||
What is the meaning / definition of BRG in the hospitality industry?
BRG stands for Best Rate Guarantee.
The hotel makes a promise that the room prices found on their website are the best rates compared to other any other sites.