We are a company from travel technology industry. With our API we are using hotel terms that we want to describe and illustrate.
Please start with writing descriptions for the following terms.
- Channel Management: System that synchronises dynamic data between Properties and distribution channels.
- Distributor: Seller of Inventory to guests. Distributors can be a hotel's website, online travel agents (OTAs) like Booking and Expedia, and everybody who needs an accommodation.
- Inventory: Inventory means all Units of all Room Types of a Property.
- Offer (Product, Room Rate, Package): An Offer (or product, room rate, package) is a combination of one or more Room Types and a Rate Plan. An Offer has a price. This combined information is what guests buy when they book a stay.
- Property: Property means real estate upon which is located an operating accommodation
provider. The term includes all business like hotels, hostels, guesthouses, B&Bs, apartments and private rooms.
- Property Management System (PMS) is a software application used in Properties to manage operational functions of front office, sales, room services, reporting etc.
- Rate Plan: Rate plans consists of attributes like payment policy, cancellation policy, included meals and services, minimum and maximum length of stay, booking period, commission and other booking conditions.
- Room Type: The Room Type holds the room name and description, number of guests it can accommodate, facilities etc. A Property may have multiple Units (or rooms) that all are of the same Room Type.
- Source: Source of Property static and dynamic information. It is the company from that the information is taken. Examples: Expedia is a Source. Property Management Systems are Sources.
- Supplier: Supplier of Property static and dynamic information. It is the company that uses the SupplierAPI to feed the Database.
- Unit: Unit means any limited area or space in a property that a guest can book. It's usually a room or a bed.
We need one page for each term.
1. First, please write your own text that best describes the term. Your description should be around 40-50 words.
2. Further, please scan the internet for same of different meanings of the term. Describe the different means (if any). We want to make sure that everybody is clearly understanding what we mean when using these terms. There is no limit in words for this part of the article.
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