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.
|DCF - Discounted Cash Flow||
DCF stands for: Discounted Cash Flow
The term Discounted Cash Flow refers to a valuation method utilized when establishing the future value of an investment, based on the cash flow it is forecasted to generate in the future. The Discounted Cash Flow Analysis is thereby able to highlight the present value (PV) of the cash generated by an investment in the future.
|Demand Based Pricing||
What is the meaning / definition of Demand-Based Pricing in the hospitality industry?
In the Hospitality Industry, prices for services do not have to be permanently set. They can be adjusted, depending upon how many rooms, meals, etc. are needed by customers at any a particular time. This is what Demand-Based Pricing is all about – the price of something changes depending upon how much demand there is for it at a given time.
What is the meaning / definition of Denial in the hospitality industry?
Well, it is quite simple. When a hotel cannot accommodate more guests, because it is fully booked at that time, then their response to the potential customers' request is called a Denial.
What is the meaning / definition of Design Hotel in the hospitality industry?
Design Hotel is as the name implies hotel that is notable for its design. It is focused on the visual concept, on its architecture, on interior decoration, on aesthetics style and décor. The appearance is the main appeal of a Design Hotel and the aim is to evoce a ‘wow’ feeling in the (potential) guest.
What is the meaning / definition of Direct Channels?
What is the meaning / definition of Direct Connect in the hospitality industry?
Direct Connect is a synonym of Interface. A point where two systems or organisations, meet and interact.
In the tourism/hospitality industry Direct Connect is a technological connection that interchanges and synchronises data across multiple distribution channels, such as between a Hotel CRS (or PMS) and OTAs.
|Direct Connect Availability||
What is the meaning / definition of DCA in the hospitality industry?
DCA stands for: Direct Connect Availability.
What is the meaning / definition of Direct Sales?
What is the meaning / definition of Discount Rate in the hospitality industry?
The term Discount Rate, when used in the Discounted Cash Flow (DCF) analysis, refers to the rate by which to discount projected future cash flows. The discount rate thereby expresses the time value of money and can make the difference between whether an investment project is financially viable or not. It does this by allowing insight on the present value of expected future cash flow.
What is the meaning / definition of Displacement Analysis in the hospitality industry?
For a hotel, the idea of making money through accepting group business bookings sounds like a good idea – an obvious thing to do.
But is that really always the case?
The answer is No!
Sometimes it would be prudent to deny a group booking in favour of leaving rooms available to transient (non-business) customers and walk-in guests. The method used to make this judgement is called Displacement Analysis.
What is the meaning / definition of Distressed Inventory in the hospitality industry?
Distressed inventory is used in hotels to refer to rooms that are not expected to be sold at full price. For these rooms, hotels often significantly reduce prices to encourage consumers to book last-minute and to avoid their rooms going unoccupied.
What is the meaning / definition of Distribution Strategy in the hospitality industry?
Distribution Strategy determines when and through which channels to sell hotel rooms based upon an analysis of the costs of acquisition of the individual channel.
All of the costs of acquisition of each individual channel will be considered and calculated before the hotel finalizes the list of channel distribution they will be using.
|DMC - Destination Management Company||
What is the meaning / definition of Destination Management Company?
A Destination Management Company, also known as DMC, is a company that provides services, resources and expertise specialising in local knowledge for events, activities and tours for other companies. These services can include transportation, gala dinners, planning activities and excursions, restaurants, conference venues, local laws, hotel accommodation, meetings and logistics.
Destination management companies are used by businesses and other establishments to plan events and activities where the establishment is not located and has no local knowledge of.