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is the theory that the need for hotel rooms in a city or geographical region will remain static and fairly constant in spite
of what the occupancy level is.
is the theory that the need for hotel rooms in a city or geographical region will remain static and fairly constant in spite of what the occupancy level is.
Compression of demand
is the measurement of room sales versus available rooms. The rooms that are sold fall into to types or categories: group and transient. The combination of group and transient rooms makes up the hotel's occupancy.
is the measurement of room sales versus available rooms. The rooms that are sold fall into to types or categories: group and transient. The combination of group and transient rooms makes up the hotel's occupancy.
Occupancy
is the person or entity that acts as a liaison between a guest and the hotel. Intermediaries are also referred to as third parties.
is the person or entity that acts as a liaison between a guest and the hotel. Intermediaries are also referred to as third parties.
Intermediary
is the measurement of how many group rooms are "on the books" on a given night.
is the measurement of how many group rooms are "on the books" on a given night.
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are rooms that originate from individual reservations. Business and
pleasure guests who stay at the hotel for reasons unrelated to functions being held there generally fill transient rooms.
are rooms that originate from individual reservations. Business and pleasure guests who stay at the hotel for reasons unrelated to functions being held there generally fill transient rooms.
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is the time between when an individual reservation is made and when that reservation is due to arrive.
is the time between when an individual reservation is made and when that reservation is due to arrive.
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which are made by guests arriving unannounced at a hotel looking for rooms, cannot be measured as part of the booking cycle because they are difficult to predict.
which are made by guests arriving unannounced at a hotel looking for rooms, cannot be measured as part of the booking cycle because they are difficult to predict.
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provides the consumer with an avenue to locate a hotel of choice in a certain location.
provides the consumer with an avenue to locate a hotel of choice in a certain location.
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is a portion or segment of the actual or potential business mix at any given hotel.
is a portion or segment of the actual or potential business mix at any given hotel.
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Flashcards
Compression of demand
Compression of demand
Theory that hotel room needs remain consistent regardless of occupancy levels.
Occupancy
Occupancy
Measurement of room sales versus available rooms for a hotel.
Intermediary
Intermediary
A liaison between guests and the hotel, also known as third parties.
Group base
Group base
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Transient room
Transient room
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Individual booking cycle
Individual booking cycle
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Walk in reservations
Walk in reservations
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Central reservation system
Central reservation system
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Market segment
Market segment
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