Hotel Glossary Terms
A to Z - Glossary Of Hotel Management Technical Terms | Hotel Dictionary | Hotel Jargons | Hotel Lingo | Key Hotel Terms | Front Office Key Terms | F&B Service Key Terms | Kitchen and Food Production Key Terms | Housekeeping Key Terms | All Hotel Department Key Terms and Jargons
Term | Definition |
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IATA | The International Air Transport Association (IATA) is a trade association of the world's airlines founded in 1945. IATA has been described as a cartel since, in addition to setting technical standards for the airline, IATA also organised tariff conferences that served as a forum for price-fixing. |
In Room Guest Console | |
In Room Movie System | Guest room entertainment provided through a dedicated television pay channel. Charges for the use of this in-room entertainment are posted to the appropriate guest folio. |
In-House | |
In-house laundry | In-house laundry is a hotel-operated department that launders linens, uniforms, bed-spreads, etc. |
In-room guest checkout | In-room guest checkout is a feature of the property management system that allows the guest to use a guest room television to check out of a hotel. |
Incentive program | What is an Incentive program in Hotel Industry? A program offering special recognition and rewards to employees based on their ability to meet certain conditions. These programs vary in structure and design and are a way to award exceptional performance beyond the paycheck. |
Incentive Travel | Travel financed by a business as an employee incentive. |
Inclusive Tour | A tour in which specific elements like airfare, hotels, transfers, etc. are included for a flat rate. An inclusive tour rate does not necessarily cover all costs. |
Income ratio | Income ratio is the basis for dividing both net income and net loss in a partnership. |
Income statement | Income statement is a report on the profitability of operations, including revenues earned and expenses incurred in generating the revenues for the period covered by the statement. |
Income statement | Income statement is a financial statement showing money earned from sales of goods and services, less expenses incurred to earn that income, for a period of time; sometimes referred to as the profit and loss statement. |
Income summary | Income summary is an account that receives the sums of all sales revenue and expense accounts when they are closed to a zero balance. The final balance of the income summary account will represent net income |
Incremental budgeting | |
Independent Food Service Operation |