Glossary



L

Last Room Availability
Electronic hotel room-reservation system that provides the latest information on accommodation availability.

Leadtimes Gruppen

Local Company Rate (LCR)

Look to Book-Ratio
A figure used in the travel industry that shows the percentage of people who visit a travel Web site compared to those who actually make a purchase.

Lose it Rate

What's in a word?

Keeping up to date with the latest terminology can be tricky at the best of times. With all the abbreviations and catch-phrases, new word concoctions and descriptors that have taken root in modern day parlance, maintaining a “Glossary of Terms” that keeps pace with technological developments can be a risky business!

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In this Glossary we have tried to provide brief descriptions for the most frequently used terms in the various industries which we serve. However, it is a ‘work in progress’ and if you would like to comment on any descriptions or add to our dictionary, we would greatly appreciate your contribution.

Please just drop us an email to glossary@programming-pool.com with your comments.

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