Glossary

• a
  
• b
  
• c
  
• d
  
• e
  
• f
  
• g
  
• h
  
• i
  
• j
  
• k
  
• l
  
• m
  
• n
  
• o
  
• p
  
• q
  
• r
  
• s
  
• t
  
• u
  
• v
  
• w
  
• x
  
• y
  
• z
  

B

Best Available Rate (BAR)

A rate available to the general public that does not require pre-payment and does not impose cancellation or change penalties and/or fees, other than those imposed as a result of a hotel property's normal cancellation policy.

Best Rate Guarantee (BRG)

One of the latest pricing mechanism, increasingly used by hotels and hotel chains around the world. It was introduced as a result of the hotel industry mimicking the airline industry, which sets price by forecasting demand.

Block

Blog

A Web site, usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in reverse-chronological order.

Break Even Point

The point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even". There hasn't been made a profit nor a loss, although opportunity costs have been paid, and capital has received the risk-adjusted, expected return.

Business-to-Business (B2B)

A term commonly used to describe commerce transactions between businesses like the one between a manufacturer and a wholesaler or a wholesaler and a retailer i.e both the buyer and the seller are business entity.

Business-to-Consumer (B2C)

Also called Business-to-Customer, it describes activities of businesses serving end consumers with products and/or services.