CRM – Customer Relationship Management. Merchant Model – Business model where the hotel offers net rates so that a merchant can add their profit margin (mark up the rates) for sale to the public. Soft Launch/Opening – Partial launch of a hotel property, perhaps at a reduced service level, usually to test the service offering prior to launching in earnest. GOPPAR – Gross Operation Profit Per Available Room. Check Out – The process by which a guest settles their bill and hands back any key/keycards. The system that facilitates the booking of rooms, conference etc. Net Rate – A wholesale rate to allow a third party markup. Such charges may also be applied to other products or services the hotel offers i.e. LOS (or Length of Stay) – The duration of a guests visit. Gitennes Exploration Inc (Toronto Venture Exchange [TSXV]) ***. Hey David, What does the framework name stand for? Looking for online definition of GIT or what GIT stands for? Squatters – A person who stays in a hotel room beyond their booking duration, usually without payment or remuneration. Pax – Number of people/passengers. 13aprAll Day14FeaturedDirect Booking Summit Berlin 2021InterContinental Berlin, Budapester Str. Market Parity – Process of evaluating your product/service offering against a competitor set to determine your market price and ensure competitiveness. EPO / IPO – Each Pays Own, Individual Pays Own. Late Show – A guest who arrives later than the agreed time of their reservation. Looking for the definition of GIT? Drop us an email (editor@hotelspeak.com) and we’ll add it in! Alternative Availability – Displaying other available properties when the requested property is unavailable for sale. C&B (or C and B) – Conference and Banqueting. They may request details of the hotel’s carbon footprint etc. Attending are the organisation’s planning principles and key hotel or facility staff. They are 3rd party agents reselling trips, hotels, cars, flights, vacation packages etc. Advance Rates – Generally discounted rates to encourage guests to book in advance. Includes the Internet, World Wide Web, Intranets, Extranets and online services. For example, an occupancy rate of 90%, an ADR of X etc. The Definition of GIT is given above so check it out related information. Git forces you to describe each of your commits, which makes it significantly easier to track down a specific previous version of a given file (and potentially revert to that previous version). Also known as IDS (Internet Distribution System). MICE – Meetings, Incentives, Conventions and Exhibitions. Some corporates may select a hotel based on its sustainable practice. GDS – Global Distribution System. Amadeus. Corporate Rates – Rates negotiated by corporates/companies with a hotel or sales team. This might be via telephone, website, email etc. Could this be added to the readme.md? Competitor set – A list of hotels / hotel chains that are direct competitors. For example, telephone calls or mini bar charges that weren’t determined before the guest left. Refers to restaurant and bar business. Lead Time – The length of time between when a booking is made and the actual stay date. What is GIT? Don’t know your ADRs from your FITs? United Nations, Government, Power. Discover 14 amazing hotel technology trends for 2021. May have just completed training or part of a training process. Late Arrival – Guests that advise they will be later than the agreed time of arrival. They know the rate, but not the product. Direct Connect – A connection or interface that links a hotels system and a distribution system without relying on a third party switch provider.