An allotment is a block of rooms the hotel holds for an intermediary or group under agreed terms. Tour operators and agencies sell them until a release date and return what is unsold. It gives guaranteed volume in exchange for handing over inventory.
Example A tour operator holds an allotment of 20 rooms each summer night, released ten days out.
MICE covers meetings, incentives, conferences and exhibitions. It is a high value segment that fills hotels...
DistributionA channel manager syncs a hotel's rates and availability across all its sales channels at once. When a room...
OperationsOverbooking is selling more rooms or seats than exist, betting that cancellations and no-shows will happen....
DistributionA booking engine is the tool that lets guests book directly on the hotel's own website. It shows...
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