Upmarket

Targeting the affluent segment of society; hotels in the up-market category offer world class products with personalised service of highest ...
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Upselling

A sales technique whereby a guest is offered a more expensive room than what he or she reserved or originally ...
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Useful life

Useful life� is an estimate of the expected productive life; also�called service life; of an asset.
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Vacant

A room status term indicating that the room has been cleaned and inspected; and is ready for the arriving guest.
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Vacant Ready

Vacant and ready: The room has been cleaned and inspected and is ready for an arriving guest.
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Vacherin

Sweet made of meringue in the form of a nest filled with cream; etc.
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Valet

Laundry attendant who receives and delivers guests laundry.
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Valet Parking

Valet Parking attendants – Persons who provide parking service for guests automobiles
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Valley Period

Also known as off-season; valley periods are times when demand for a property and its services is lowest. Reduced room ...
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Variable cost or expense

Variable cost or expense is one that increases or decreases in direct; or linear; fashion with increases or decreases in ...
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