Rooms Division Vocab (R - W) Flashcards
rack rate
price at which a hotel sells its rooms when no discounts of any kind are offered to a guest
rate (corporate)
special rate offered to business travellers
rate (government)
special rate offered to employees of local, state or federal government
rate (group)
special rate to large volume purchasers
rate (package)
special rate that allows guest to pay one price for all the features and amenities
rate (seasonal)
charge in rack rate based on the dates of reservation
rate (special event)
temporary increase in rack based on event
referral group
hotels grouping together for common purpose
repeat business
revenues generated from guests returning to the hotel
reservation agent
front office employee who primarily takes reservation into PMS
reservation guaranteed
reservation that hotel agrees to hold the rooms, and guests agree to pay even if he doesn’t show up
Return on investment (ROI)
percentage rate of return achieved on money invested
revenue (profit) centre
department that generates profit
revenue
money that hotel collects from rooms products and services
RevPar
Average revenue generated by room in a period room revenue (w/out tax)/ total no. of rooms (- OOI)
RFID
Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects.
Rooms comp.
rooms given to customers without paying
room night
single night use of a guest room
room type
term used to designate specific guestroom configuration (king. queen/ double beds or smoking or non-smoking
rooms occupied
rooms sold + comp.
rooms sold
rooms that generate s revenue