Information Architecture (IA)

Information Architecture (IA)

Definition Information Architecture (IA) is the structural design of shared information environment, and it applies the theories of architecture to the digital world. It is a way of organizing information on websites, online communities and/or software in order to make … Continued
Online Travel Agency (OTA)

Online Travel Agency (OTA)

Definition An Online Travel Agency (OTA)¬†is an agency engaged in selling and arranging accommodations, tours, transportation and trips for travelers on an online platform. From these travel websites, hotels can learn how to implement distribution channel marketing, points of difference … Continued
Point Of Sale (POS)

Point Of Sale (POS)

Definition The Point Of Sale (POS) is the physical location at which goods are sold to customers, more typically indicating the piece of technology which is used to finalize the transaction.   POS systems EasywebPOS   Origin   Other Languages … Continued
Revenue Management System (RMS)

Revenue Management System (RMS)

Definition Revenue Management System (RMS) is a software used to predict customer demand, to optimize inventory and price availability, and¬†maximize revenue growth. By using the right information, revenue managers can divide the market and adjust products sales through distribution to … Continued
Predictive Analytics

Predictive Analytics

Definition Predictive Analytics uses large groups of data from the past, not only to determine past trends, but to predict the future as well. Good data analytics leads to more reliable results, thus offering valuable insights for a hotel’s management … Continued