Clear hospitality terms, formulas, and operating context.

A property management system (PMS) is software used to manage core accommodation operations such as reservations, guest and stay records, property or unit information, availability, and operational status.

iCal calendar sync uses the iCalendar data format to publish and import calendar events between systems, commonly so booked or blocked dates can be reflected across vacation rental calendars.

Average Daily Rate (ADR) is a hospitality revenue metric that measures the average accommodation revenue earned for each occupied room or unit night during a period.

Revenue per Available Room (RevPAR) measures accommodation revenue generated per available room or unit night, whether or not that inventory was occupied.

Occupancy rate is the percentage of available room or unit nights that were occupied during a given period.

Booking window, also called booking lead time, is the number of days between when a reservation is made and the guest's check-in date.

Average Length of Stay (ALOS) is the average number of nights guests stay per completed or relevant reservation during a period.

A vacation rental turnover is the operational changeover between one guest's departure and the next guest's arrival, typically including cleaning, inspection, replenishment, and readiness checks.

A channel manager is software that helps accommodation operators distribute and synchronize inventory, availability, rates, and reservations across multiple booking channels.

A direct booking is a reservation made with the accommodation provider without the guest completing the booking through a third-party online travel agency or marketplace.