Hotel Glossary Terms
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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||
|In-room guest checkout|
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.
Travel financed by a business as an employee incentive.
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.
|Independent Food Service Operation|