FF&E: Furniture, Fixtures, and Equipment (Accounting) Definition: Is an accounting term used in valuing, selling, or liquidating a company or a building. Example: Movable furniture, fixtures,...
GDS: Global Distribution Systems Definition: A computerized network system that provides travel agencies with hardware for airplane, hotel and car reservations. Online and traditional...
P&L: Profit & Loss statement/Income Statement Definition: Comprehensive report based on revenue and expense data from hotel operating statements. The report consists of hotel revenue and...
Accounts Payable (AP) Definition: The total sum of all invoices owed by the hotel to its vendors for credit purchases made by the...
Accounts Receivable (AR) Definition: Money owed to the hotel because of sales made on credit. Shown on the Balance Sheet as an “asset”....
AdWords (Google AdWords) Definition: A Google owned program that is used by advertisers to place ads on Google search results pages, on YouTube,...
B2B: Business to Business Definition: Also known as eCommerce, is the exchange of products/services between businesses. Example: Your hotel purchases products online from HD...
B2C: Business to Consumer Definition: Businesses that sell products/services directly to consumers. Has played a large role in the rapid development of the commercial...
choiceEDGE Definition: A cloud-based global reservations system that manages all distribution for Choice Hotels, optimizing rate, inventory, availability, shopping, booking and...
DCM: Data Channel Management Definition: Choice’s Data and Channel Management (DCM) team maintains and updates hotel information and rates within choiceEDGE. References:https://apps.choicecentral.com/ccweb/content/resources/ecomm/AboutDCM.html