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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Vacant | A room status term indicating that the room has been cleaned and inspected, and is ready for the arriving guest. |
Vacant Ready | Vacant and ready: The room has been cleaned and inspected and is ready for an arriving guest. |
Vacherin | Sweet made of meringue in the form of a nest filled with cream, etc. |
Valet | Laundry attendant who receives and delivers guests laundry. |
Valet Parking | Valet Parking attendants - Persons who provide parking service for guests automobiles |
Valley Period | Also known as off-season, valley periods are times when demand for a property and its services is lowest. Reduced room rates and discounts are often offered during valley periods to attract business. |
Variable cost or expense | |
Variance analysis | Variance analysis is a method of comparing budgeted figures with actual results, breaking differences down into quantity variance and price or cost variance. |
Variety Meat | Variety Meat - The non-skeletal meats of the dressed carcass. These include liver, tongue, kidneys, heart etc. |
VAT | Value Added Tax (VAT) is A tax that imposes a levy on businesses at every stage of manufacturing based on the value it adds to a product. Each business in the supply chain pays its own VAT and is subsequently repaid by the next link down the chain; hence, a VAT is ultimately paid by the consumer, being the last link in the supply chain, making it comparable to a sales tax. Generally, VAT only applies to goods bought for consumption within a given country; export goods are exempt from VAT, and purchasers from other countries taking goods back home may apply for a VAT refund. |
Vegan | Vegan is a person whose diet includes only plant products and excludes all forms of animal products, including meat, fish, poultry, eggs, dairy, gelatin and honey. |
Vegan | Vegan - A strict vegetarian who eats no animal products. |
Vegetarian | Vegetarian is a person whose diet includes only plant products and animal byproducts, such as eggs and dairy, but excludes meat. |
Veloute | Thin white sauce or soup made with veal or chicken stock. |
Vendor | Vendor is any firm, such as a manufacturer or distributor, from which a retailer obtains merchandise. |