Industry Jargon

Industry Jargon : Hotel Industry

For my records..

  • ARI : Availability Rate Inventory. Any transaction that is querying/updating these three items is terms as ARI updates.
  • REVPAR : Revenue Per Available Room. This is the revenue the hotel makes per room in the hotel.
  • Total Pricing : The total price a customer has to pay to book a room in a hotel. It kinda sounds obvious..but when you understand that the total price depends on
    1. The price the hotel wants to charge (which again depends on who is selling the room)
    2. The tax at the city/state level
    3. The price of additions (services like Internet access, breakfast etc)
    4. Commission of the middleman.

It becomes a big deal :).