Oct 18, 2024
Fare Aggregators: Search engines (e.g., Skyscanner) for comparing airfares.
Full-Service Airlines: Airlines offering comprehensive services (e.g., Qantas, Emirates).
Low-Cost Carriers (LCCs): Airlines with cheaper fares but fewer inclusions (e.g., Jetstar, AirAsia).
IATA: International Air Transport Association, standardizes airline safety and policies.
Hub Cities: Central airport from where airlines operate (e.g., Emirates in Dubai).
Revenue Management: Adjusting fares based on demand and other factors.
Classes of Service: Economy, Premium Economy, Business, First.
Affiliated Hotels: Part of a group operated by the same company (e.g., Accor, Marriott).
Allotment: Block of rooms at negotiated rates for wholesalers/tour operators.
Average Room Rate: Average price hotel sells rooms for.
Back of House: Non-customer-facing staff (kitchen, housekeeping).
Front of House: Customer-facing staff (front desk, guest services).
Overbooking: Strategy of selling more rooms than available, anticipating no-shows.