Commercial technical terms explained fast

We continually expand this technical glossary; it increases monthly by a few terms. The special feature about it is that many terms are explained specifically for the hotel industry and tourism. If you are missing a term, then we are pleased to receive your message.

 

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2-way interface
A
Accrual or provision
Analysis according to purpose of stay and booking source
Artificial intelligence in the hotel industry
Asset accounting
Average room rate, occupancy, and revenue per available room
B
balance sheet
B
Balanced Scorecard
Break Even Point
C
Cancellation rules for hotels
Channel Manager / channel management software
Commissioned data processor
Competitive analysis hotel
Contribution margin
Conversion Rate
D
Daily sales report in the hotel
Depreciation
Digitalisation
E
EBIT (Earnings before Interest and Taxes)
ESG reporting obligation
F
Feasibility Study
H
Hybrid working time models
K
Key figures
Key Performance Indicators (KPI)
L
Liquidity Planning
P
Payment Services Regulation (PSR)
Personal data
Profit and Loss Account (P&L)
Profitability forecast
R
Receivables management
Recruiting /Recruitment
Revenue Management
RevPar = Revenue per Available Room
S
Sustainability in the hotel
Y
Yield Management
Z
Zero waste

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