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Auditing: A process to measure and verify the practices of a business. average room rate


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Auditing: A process to measure and verify the practices of a business.

  • average room rate: the total guest room revenue for a given period divided by the number of rooms occupied for the same period. Since it can be related to investment, this statistic is frequently used as a measure of economic feasibility.

  • back to back: term used to describe tours operating on a consistent, continuing basis, usually without time between.

  • Backpacker: A visitor, for the purpose of a holiday or special event, who stays in a backpackers lodge/hostel.

  • bed and breakfast: (B & B) overnight accommodations usually in a private home or boarding house, with a full American-style or continental breakfast included in the rate, often without private bath facilities

  • Benchmarking: Measuring performance against that of best in class companies, determining how the best-in-class achieve those performance levels and using this information as a basis for your own company's targets, strategies and implementation (Pryor, 1989).

  • Benchmarking: Process of comparing performance and activities among similar organizations either against an agreed standard or against those that are recognized as being among the best

  • Benchmarks: Points of reference or comparison, which may include standards, critical success factors, indicators, metrics.

  • Best Practice: Operational standards considered the most effective and efficient means of achieving desired outcomes.

  • bias: preferential display on a reservations computer of a host carrier flight schedule.

  • biodiversity: a variety of wildlife in an area

  • Biological diversity (biodiversity): The variety of life forms and genes they contain, and the ecosystems they form. Biodiversity is usually considered at four levels; genetic diversity, species diversity, community diversity, and ecosystem diversity.

  • block: a number of rooms, seats, or space reserved in advance, usually by wholesalers, tour operators, or receptive operators who intend to sell them as components of tour packages.

  • bonding: the guarantee of protection for a supplier or consumer. In the travel industry, certain bonding programs are mandatory. The ARC insists that travel agents be bonded to protect the airlines against defaults. Professional operators and agents buy bonds voluntarily to protect their clients.

  • booking form: a document which tour purchasers must complete which gives the operator full particulars about who is buying the tour. It states exactly what is being purchased, ( including options) and must be signed as acknowledgment that the liability clause has been read and understood.

  • bulk fare: fare available only to tour organizers or operators who purchase a specified block of seats from a carrier at a low, non-commissionable price and then have the responsibility of selling the seats, including a commission in their marked-up price.


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