MyRatesMagic®

Accommodation supplement

This is a fixed value or percentage and is charged per room from a base or related room type. These supplements tend to be stable across all periods.

AI

An abbreviation of All Inclusive. A meal plan whereby all meals, typically breakfast, lunch and dinner, as well as drinks (alcoholic and non-alcoholic) are included in the accommodation rate.

B2B

Business to Business market. Refers to a situation where one business makes a commercial transaction with another. One wholesale company sells hotel inventory to multiple agents, who then resell between them until it reaches the customer, applying variable commission along the sales chain. Examples of very large wholesalers are Hotelbeds and GTA.

B2B contracts manager

A person that works for a B2B Wholesaler that makes direct contracts with hoteliers to sell their inventory in the B2B market.

B2C

Business to Consumer (B2C), refers to a situation where one business sells hotel inventory directly to the customer for a commission. For example, Priceline or Booking.com or Expedia.

BAR

Best Available Rate (BAR), also known as Best Rate Guarantee (BRG), is one of the latest pricing mechanism, increasingly used by hotels and hotel chains around the world. It was introduced because of the hotel industry mimicking the airline industry, which sets price by forecasting demand.

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