Property management system, the Glossary

Table of Contents

1. 14 relations: Average daily rate, Back office, Cloud computing, Computer reservation system, Computer-aided facility management, Hospitality industry, Hotel Technology Next Generation, Point of sale, Property management, RevPAR, Software as a service, T-commerce, World Wide Web, Yield management.

2. Property management

Average daily rate

Average Daily Rate (commonly referred to as ADR) is a statistical unit that is often used in the lodging industry.

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Back office

A back office in most corporations is where work that supports front office work is done.

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Cloud computing

Cloud computing is the on-demand availability of computer system resources, especially data storage (cloud storage) and computing power, without direct active management by the user.

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Computer reservation system

Computer reservation systems, or central reservation systems (CRS), are computerized systems used to store and retrieve information and conduct transactions related to air travel, hotels, car rental, or other activities. Property management system and computer reservation system are travel technology.

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Computer-aided facility management

Computer-aided facility management (CAFM) is the support of facility management by information technology. Property management system and Computer-aided facility management are property management.

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Hospitality industry

The hospitality industry is a broad category of fields within the service industry that includes lodging, food and beverage services, event planning, theme parks, travel agency, tourism, hotels, restaurants, nightclubs, and bars.

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Hotel Technology Next Generation

Hospitality Technology Next Generation (HTNG) is a global non-profit trade association serving hotel companies and technology providers. Property management system and hotel Technology Next Generation are travel technology.

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Point of sale

The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed.

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Property management

Property management is the operation, control, maintenance, and oversight of real estate and physical property.

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RevPAR

RevPAR, or revenue per available room, is a performance metric in the hotel industry that is calculated by dividing a hotel's total guestroom revenue by the room count and the number of days in the period being measured.

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Software as a service

Software as a service (SaaS) is a form of cloud computing in which the provider offers the use of application software to a client and manages all the physical and software resources used by the application.

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T-commerce

T-Commerce is a term describing trade via a (smart) digital TV-set which – besides its main functionality – acts as a marketing channel enabling bidirectional communication enabling interactive advertising and addressable advertising.

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World Wide Web

The World Wide Web (WWW or simply the Web) is an information system that enables content sharing over the Internet through user-friendly ways meant to appeal to users beyond IT specialists and hobbyists.

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Yield management

Yield management is a variable pricing strategy, based on understanding, anticipating and influencing consumer behavior in order to maximize revenue or profits from a fixed, time-limited resource (such as airline seats, hotel room reservations or advertising inventory).

See Property management system and Yield management

See also

Property management

• AppFolio
• Building management
• Building superintendent
• Caretaker (military)
• Certified Community Association Manager
• Certified Property Manager
• Certified resident manager
• Computer-aided facility management
• Corporate real estate
• Facility management
• Factor (Scotland)
• Floor area
• Hoteling
• Infrastructure Lifecycle Management
• Institute of Workplace and Facilities Management
• International Property Measurement Standards
• Land terrier
• Letting agent
• Local authority search
• Maryland House Bill 107
• National Property Board of Sweden
• Occupancy cost
• Office space planning
• Property caretaker
• Property management
• Property management system
• Property manager
• Real Property Administrator
• Reserve study
• Space allocation problem
• Sports facilities
• Strata management

References

[1] https://en.wikipedia.org/wiki/Property_management_system