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 Allotment in the hospitality industry?
The term Allotment is used in the Hotel industry to designate a certain block of pre-negotiated rooms which have been bought out and held by a third party (such as a travel organizer, wholesaler, tour operator, hotel consolidator, travel agent, OTA).
What is the meaning / definition of Allocation in the hospitality industry?
Allocation is the number of rooms a hotel has available for sales.
What is the meaning / definition of OTA Agency Model in the hospitality industry?
In hotel revenue management when talking about an Agency Model, we are referring to the commercial model of an OTA (online travel agency). The main characteristic of the Agency Model OTA is that the guest pays the Hotel directly when the stay is consumed and the hotel pays the OTA commission after the stay has occured.
|ADS - Alternative Distribution System||
What is the meaning / definition of ADS in the hospitality industry ?
ADS stands for: Alternative Distribution System.
The term is used as to describe the distribution via 3rd party websites. This includes online travel agencies (OTA), travel portals, travel search engines/ directories, online hotel consolidators, airline websites with online reservation options.
|ADR - Average Daily Rate||
What is the meaning / definition of ADR in the hospitality industry?
ADR stands for: Average Daily Rate
It is a KPI to calculate the average price or rate for each hotel room sold for a specific day.