OBE (Online Booking Engine)

Online Booking Engine (OBE) is a hotel booking engine is an online application on hotel websites and social media pages that provides supplier availability of hotel rates, descriptions and reservations to the end user to capture and process direct online reservations, and to optimize hotel sales strategy and maximize profit. An OBE displays rates and … Continued

OCC – (Occupancy) / Occupancy Rate

Hotel occupancy (OCC) is the number of occupied rooms at any given time compared to the total number of available rooms at a given time. It can be examined by day, week, month or yearly, hence Occupancy is a hotel KPI that determine a hotel’s performance that measures the number of rooms occupied in a … Continued

OCC / Occupancy (Penetration) Index

OCC Occupancy (Penetration) Index is the same as MPI (market Penetration Index ) an index measurement determines a hotel’s market share performance relative to an aggregated grouping of hotels, competitive set or market. designed for hotel’s share of their comp set. For example, if the hotel comp set has 5 hotels and the total rooms … Continued

ODD (Online Distribution Database)

Online Distribution Database (ODD) is a content database service offered by Pegasus. It is the former term for Hotel Content Database (HCD) It holds text, images, geocodes, contact information, etc. from hotels in up to 16 languages. The ODD service can be booked/purchased as a stand-alone application. However, it is most commonly used together with the Pegus … Continued

OTA (Online Travel Agencies)

An online travel agency (OTA) is a web-based marketplace that arranges and sells accommodations, tours, transportation and trips on an online platform for travelers. It enables customers to make hotel and travel reservations from one single platform. They’re the digital equivalent of a travel agent. They are third parties who sell services on behalf of … Continued

OTB (On the Books)

On the Books (OTB) or business on the books (BOTB) is reservations and overnight stays already booked for advance dates, it is one of the most commonly used acronyms in hotel revenue management. Hoteliers use it when looking ahead to see how many rooms are booked at which rates for a given period. In short, … Continued

OTBLM (On the Books Last Month/ Same Time Last Month)

On the Books last month (OTBLM) or business on the books last month (BOTBLM) is reservations and overnight stays already booked for previous month. Hoteliers use it when looking ahead to see how many rooms are booked at which rates for a given period and compare the same with the previous month.

OTBLY (On the Books Last Year/Same Time Last Year)

On the Books last year (OTBLY) or business on the books last year (BOTBLY) is reservations and overnight stays already booked for previous year. Hoteliers use it when looking ahead to see how many rooms are booked at which rates for a given period and compare the same with the previous year.

Occupancy Forecast

Occupancy Forecast is a written/reported comprehensive revenue management tool estimate  the number of rooms which will be sold/occupied on an identified day and/or for a specified period of time to help predict future performance. Thus, it’s the perfect way to prepare for uncertainty, utilize performance data, consider industry trends, and make education predictions about occupancy. … Continued

One Star Hotel

A One Star Hotel is a hotel that only provides the bare necessities for a night’s stay, such as a bed and a bathroom, the single-star rating is just an indication of their basic accommodations and does not reflect cleanliness or safety. Most one-star hotels are situated close to restaurants and fast-food locations, but will not … Continued