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  • Hotels Terminology: Accounts Receivable

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    callnit24
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    This document defines various terminology used in the hotel industry. It provides definitions for accounts payable, accounts receivable, average daily rate (ADR), adjoining rooms, advance deposit, agent, amenities, American plan (all meals included), food and beverage (F&B), front office manager (FO), general manager (GM), grand master key (GMK), housekeeping (HK), human resources department (HRD), and handle with care (HWC). The document concisely defines key terms related to financials, rooms, services, and departments in the hotel.

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    Original Title

    BHT TERM

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    This document defines various terminology used in the hotel industry. It provides definitions for accounts payable, accounts receivable, average daily rate (ADR), adjoining rooms, advance deposit, agent, amenities, American plan (all meals included), food and beverage (F&B), front office manager (FO), general manager (GM), grand master key (GMK), housekeeping (HK), human resources department (HRD), and handle with care (HWC). The document concisely defines key terms related to financials, rooms, services, and departments in the hotel.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    12 views2 pages

    Hotels Terminology: Accounts Receivable

    Uploaded by

    callnit24
    This document defines various terminology used in the hotel industry. It provides definitions for accounts payable, accounts receivable, average daily rate (ADR), adjoining rooms, advance deposit, agent, amenities, American plan (all meals included), food and beverage (F&B), front office manager (FO), general manager (GM), grand master key (GMK), housekeeping (HK), human resources department (HRD), and handle with care (HWC). The document concisely defines key terms related to financials, rooms, services, and departments in the hotel.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    HOTELs TERMINOLOGY

    –
    Amount of money that the hotel owes to private and government-agencies,suppliers
    and vendors.
    Accounts receivable

    –
    Amount of money owed to the hotel, by guests etc.
    ADR

    –
    ( Average Daily Rate)
    –
    Room Revenue divided by number of occupied rooms.
    Adjoining Rooms
    –
    Rooms next to each other (not connected)
    Advance Deposit

    –
    Payment made by a Guest(Cash or Credit Card) to secure a Room Reservation.
    Agent
    –
    Representative of a Business or an individual. eg. Travel Agent
    Amenities
    –

    Personal, “
    In-room
    ”
    guest products, such as shampoo, lotion, toothpaste, etc. providedat no extra cost. Some
    amenities like Bathrobes (sometimes offered for sale), cannot be taken by guest.
    Amenity

    –
    A service or item offered to guests, at no extra cost.
    *American plan
    (AP)
    –

    F&B
    –
    Food and Beverage;
    FO
    –
    Front Office Manager;
    GM
    –
    General Manager;
    GMK

    –
    Grand Master Key;
    HK

    –
    Housekeeping;
    HRD

    –
    Human Resources Department;
    HWC
    –
    Handle With Care;
    OOO
    –

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