BUSINESS ADMINISTRATION
OFFICE MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lead time
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Booking lead time
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Cut off time
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Closed time
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Detailed explanation-1: -Booking or Reservation Lead Time is the period of time (most typically measured in calendar days) between when a guest makes the reservation and the actual check-in/arrival date. The Average Lead Time, or ALT, is often used to determine and measure rate plans, such as advance purchase rates.
Detailed explanation-2: -iv. Group booking lead time – A measurement of how far in advance group bookings are made.
Detailed explanation-3: -So, how do you calculate lead time? It’s simple. You just need to calculate the number of days between a guest making a reservation and their actual check-in date. So, for example, if a guest makes a reservation on August 1st and they check in on August 15th, then the lead time for that reservation is 15 days.
Detailed explanation-4: -At a hotel, the time taken between when a customer makes a reservation and their actual arrival is called the Lead Time.
Detailed explanation-5: -Global average lead time is 24 days Agoda’s insights showed a distinct difference between regions when it came to booking lead times.