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6 Cards in this Set
- Front
- Back
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Transient Guest |
An individual traveler with a reservation, staying in a hospitality property for a maxium of 30 consecutive days |
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Meal Plan |
A room rate that includes meals. |
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Yield Management |
A system of maximizing revenue through adjusting room rates according to demand. |
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Average Daily Rate |
The ADR is a rate based on total sales for the day divided by the total number of rooms sold. |
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Occupancy Percentage |
The OCC is a percentage calculated daily. It is based on the number of rooms sold as a percentage of the total number of available rooms. |
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Revenue Per Available Room |
RevPAR is a rate that reflects a hotel's revenue per available room. |
