Hotel glossary
The terms used every day at the front desk, in revenue meetings and with the OTAs, explained with practical examples.
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- Rack rateThe full, undiscounted published price of a room.
- Rate parityThe practice, often contractual, of showing the same rate for the same room on every channel.
- Revenue managementSelling the right room to the right guest at the right price through the right channel.
- RevPAR (Revenue Per Available Room)Rooms revenue divided by every room available, sold or not.
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