Something of value that will provide future benefit or utility, can be

used to generate revenue.

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.

The cost of long-term assets; such as

computer equipment, vehicles and premises. Importantly these are bought to use

over several years and not to resell.

a cost that changes according to how many

people take a tour, such as motorcoach expenses

type of rate that includes the price of

the hotel room, breakfast, lunch and dinner. AP is the common abbreviation. See

also room rates.

The cost of long-term assets; such as

computer equipment, vehicles and premises. Importantly these are bought to use

over several years and not to resell.

Characteristics used in research such as

age, gender, occupation, income, marital status, place of residence, etc.

a reduced rate granted for the use of a

guest room during the daytime, not overnight occupancy. Often used when someone

needs a display room, office, or is in-transit due to odd airline schedules.

fee collected from the traveler by the

host country at the time of checking out

tour which utilizes a central destination

with side trips of varying length to nearby destinations

(1) a trip offered as a prize,

particularly to stimulate the productivity of employees or sales agents, or (2)

the business of operating such travel programs

those which utilize a central destination with side trips of varying

length to nearby destinations

the process by which a government official verifies a person’s passport,

visa or origin of citizenship

a trip offered as a prize, particularly to

stimulate the productivity of employees or sales agents, or (2) the business of

operating such travel programs