Terms And Meanings Flashcards
Account receivables
The amount of money an organization has the right to receive within some specified period (say 30 days) against the delivery of products/services.
Corporate guests
Corporate guests—frequent guests who are employed by a company and receive a
special room rate
Conventionguests
Convention guests—guests who attend a large convention and receive a special
room rate
ADR full form and formula
Average daily rate
Room revenue/ number of rooms
What is rev par
It is how much revenue is generated per room against total inventory
Rev par formula
ADR x OCC
Total revenue divided by the number of rooms available for sale
Account balance
Difference between charge and credits in an account
Cancellation charges
They are the charges borne by the guest on cancellation of a confirmed reservation or for not showing-up on confirmed reservation.
Concierge
Information desk that assists guests for transportation, booking of events outside the hotel.
GRC
Guest Registration Card, which the guest needs to fill in with personal formation at the time of registration.
IP-PBX
Internet Protocol Private Branch Exchange, where internet protocol is used for call transmission.
PBX
Private Branch Exchange, a private network of telephones within an organization.
POS
Acronym for Point of Sale. It is the revenue generating place in the hotel where retail transactions are carried out
Nerve centre of the hotel property
Front office
Which two functions are important of a front desk operations
Communications and accounting
What is total quality management
TQM is a management technique that encourages managers to look critically at processes used to produce products and services
What is average daily rate(ADR)
Average selling price of all guest rooms for a given time period
Yield percentage
The effectiveness of a hotel at selling it’s rooms at the highest rate available to the most profitable guest, reveals a facilitys success in selling it’s room inventory on a daily basis
Gross operation profit per available room ( GOPPAR)
Is defined as total gross operating profit per available room per day
Revenue per available customer ( RevPac)
It represents the total revenue generated by a single customer
Access time
The amount of time required for a processor to retrieve information from the hard drive; recorded in milliseconds
Accounts payable
Financial obligations the hotel owes to private and government-related agencies and vendors
Aging of accounts
Indication of the stage of the payment cycle eg 10 days old, 30 days overdue, 60 days overdue
All- suites
A level of service provided by a hotel for a guest who desires an at- home atmosphere
Amenities
Amenities are a service or item offered to guests or placed in the guest room, bathroom and kitchen etc. for convenience and comfort and at no extra cost.
American hotel and lodging association
A professional association of hotel owners, managers, and persons in related occupations
Americans with disabilities act (ADA)
A U.S. law enacted in 1990 that protects people with disabilities from being discriminated against when seeking accomodations and employment
Assets
Items with monetory value
Assistant general manager
A person in the hotel who executes plans developed by the corporate owners, general manager and other members of the management staff
Athletics director
The person responsible for supervising physical exercise facilities for guests
Atrium concept
A hotel design in which guest rooms overlook the lobby from the first floor to the roof
Average daily rate (ADR)
A measure of the hotel staffs ability to sell available room rates
Back office
The accounting office of a hotel
Back office accounts payable
Amounts of money prepaid on behalf of the guest for future consumption of a good or service ( also referred to as back office cash accounts)
Balance sheet
An official financial listing of assets, liabilities and owners equity.
Bank cards
Credit cards issued by banks, eg VISA, MasterCard and JCB
Banquet manager
A person responsible for fulfilling the details of service for a banquet or special event
Banquet sheet
A listing of the details of an event at which food and beverages are served
Bell captain
The supervisor of the bell staff
Bell staff
People who lift and tote baggage, familiarise guests with their new surroundings, run errands, deliver supplies, provide guests with information on in- house marketing efforts and local attractions, and act as the hospitality link between the lodging establishment and the guest
Bill- to-account
An extension of credit to a guest by an individual hotel; it requires the guest or the guests employer to establish a line of credit and to adhere to a regular payment schedule
Bill- to-account
An extension of credit to a guest by an individual hotel; it requires the guest or the guests employer to estaby a line of credit and to adhere to a regular payment schedule
Biometrics
An individual electronic measurement of the uniqueness of a human being eg, voice, handprint or facial characteristics
Blackout
Total loss of electricity
Blocking on the horizon
Reserving guest rooms in the distant future
Blocking procedure
Process of reserving a room on a specific day
Bottom up
A sales method that involves presenting the least expensive rate first
Brownout
Partial loss of electricity
Bus association network
An organisation of bus tour owners and operators who offer transportation and travel information to groups
Business affiliation
Chain or independent ownership of hotels
Business services and communications centre
Guest services that include copying, computers, fax etc
Call accounting
A computerized system that allows for automatic tracking and posting of outgoing guest room calls
Cancellation code
A sequential series of alphanumeric combinations that provide the guest with a reference for a cancellation of a guaranteed reservation
Cash bank
Cash Bank-It is a amount of cash assigned to a cashier,so that he or she can handle the various transaction occur during particular shift.
Cashier
A person who processes guest checkouts and legal tender and makes change for guests
Cashiers report
A daily cash control report that lists cashier activity of cash and credit cards and machine totals by cashier shift
Chain
A group of hotels that follow standard operating procedures such as marketing, reservations, quality of service, food and beverage operations, housekeeping and accounting
Chain affiliations
Hotels that purchase operational and marketing services from a corporation
City ledger accounts
A collection of accounts receivable of nonregistered guests who use the services of the hotel
Collective bargaining unit
Labor union
Commercial cards
Credit cards issued by corporations eg dinners club
Commercial hotels
Hotels that provide short term accommodations for traveling guests
Commercial rates
Room rates for business people who represent a company but do not necessarily have bargaining power because of their infrequent or sporadic pattern of travel
Communications hierarchy
The order in which management personnel may be called on to take charge in an emergency situation
Company owned property
A hotel that is owned and operated by a chain organization
Complimentary rate ( comp)
No charge to the guest
Computer supplies
Paper, forms, ribbons, ink cartridges, and floppy disk needed to operate a computer system