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