Actuals - The actual results the hotel obtained in a certain period of time.
Average Daily Rate (ADR) - Total room revenue / Number of occupied rooms.
Auto Publish - A setting in which RevControl will automatically update rates from a certain moment in time.
Best Available Rate (BAR) - A commonly used base rate on which all other room types are based upon. The BAR is the cheapest non-refundable rate of hotels, mostly used in comparisons.
Bussiness on the Books (BOB) - The bookings the hotel has in the books in a certain period of time.
Budget - The goals the hotel aims to obtain.
Channels - Different methods via which guest can make a booking.
Combined Recommended Rate - The rate RevControl recommends based on the hotels presets.
Competitor Based Recommended - The rate RevControl recommends based on the competitor index.
Competitor Index - The setting in which your own hotels and the comp set is ranked.
Competitive Set - A group of hotels which are considered direct competitors of the hotels.
Daily Index - An overview of all the rates of the competitors.
F&B Revenue- Food and beverage, the revenue which is linked to a room.
Financial Year Period - A period of twelve months, used by government, business, and other organizations in order to calculate their budgets, profits, and losses.
Forecast - Expected occupancy based on the Actuals and BOB of the previous year and the BOB and booking pace of this year.
Hurdle - Steps in the forecasted occupancy.
KPI - Key Performance Indicator. These indicators give an overview of the performances of a hotel.
Leadtime - The difference between the booking date and the arrival date.
Logs - An overview of all the changes made.
Market demand - The demand for the entire market.
Market segment - The different groups of bookings.
Max Daily Rate - The maximum rate the system will publish.
Meal Plan - The option to let the system show the rate incl of excl breakfast.
Min Daily Rate - The lowest rate the system will publish.
Minimum Length of Stay (MLOS) - Restrictions for guest to oblige them to stay at least a certain number of nights.
Non-refundable - Reservations which need to be paid in advance and will not have the opportunity to get a refund when cancelled.
Occupancy (OCC): The number of occupied rooms/The total number of rooms.
Occupancy Based Recommended Rate: The recommended rate based on the Min Daily Rate and the Occupancy Supplements (Business Rules).
Occupancy Supplements: Supplements which add on the minimum daily rate based on the forecasted occupancy.
OTA: Online travel agency, for example booking.com and expedia.
Pickup: The reservations which are made/cancelled during a certain period of time.
Pickup Treshold: The minimum amount of reservations/cancellations which must be made, to show it in the pickup alert.
Published Rate: The rate which is published on your booking channels.
Rate: The price of a hotel room.
Rate Parity: A tool to check whether the hotels rates are the same on all channels.
Recommended Rate: The rate which is recommended by RevControl based on the Occupancy and Competitor rate.
Room Revenue (REV): The average daily rate multiplied by the number of occupied rooms.
Revenue Manager: The person who is in charge of the pricing of rooms.
Revenue Per Available Room (RevPAR): The total room revenue/The total number of rooms.
Rate Shopping: A tool which is used to compare the rates of the compset
Room Nights (RN): The number of occupied rooms.
Room Type Availability: The unoccupied rooms per room type.