Terms
Acquisition cost
What is acquisition cost? In the context of hospitality revenue management, the acquisition cost term may apply to either a customer or an organization.
Auction site
What is an auction site? An auction site is a website on which the price of a product or service is determined by the winning bid.
RevPAR
What is RevPAR? RevPAR stands for Revenue per Available Room. It is calculated by dividing the actual room revenue by the number of rooms available.