Applied business

1. Payment required before a guest's arrival to guarantee a reservation, especially for peak seasons or long stays.

1. The average revenue earned per rented room, calculated by dividing total room revenue by the number of rooms sold.

1. A rate that includes accommodation, meals, drinks, and sometimes other services like activities.

1. A pre-negotiated block of rooms held by a third party, like a travel agency or tour operator.

1. The administrative area where non-guest-facing tasks, such as accounting, are managed.

1. A large dining room or hall where events like weddings or conferences are hosted.

1. Handles guests' luggage and escorts them to their rooms.

1. Dates when certain rates or promotions are unavailable, typically during high-demand periods.

1. Reserving a specific room for a guest based on their preferences.

1. The time between a reservation being made and the guest's check-in date.