What is a CRS? Acronym for Computerized Reservation System. A computer based electronic data system that allows a provider (traditionally…
What is Yield Management? The concepts and techniques concerning the maximization of profit or revenue as well as the development…
What is an Overbooking? Reservation of more seats by a tour operator than are actually available, sometimes done deliberately to…
What is Channel Management? The process of allocating and controlling inventory pricing and availability to various sales channels. Managing inventory…