PMS (Property Management System)
A PMS is a software system used to manage the day-to-day operations of a hospitality establishment, including reservations, guest information, and billing.
POS (Point of Sale)
POS refers to the computerized system used to manage sales transactions in a hospitality establishment, typically at the front desk or in the restaurant.
PPC (Pay-per-click)
Refers to an online advertising model in which the advertiser pays each time a user clicks on one of their ads. It is often used in combination with SEO to drive traffic to a website.
Profit & Loss (P&L)
P&L is a financial statement that summarizes a business's revenue, expenses, and profit over a specific period. This statement helps the management track the business's financial performance and make decisions.
Property Improvement Plan (PIP)
PIP refers to a plan of action for improving and upgrading a hotel or restaurant property. This can include items such as renovations, upgrades to equipment, improvements to guest rooms and public spaces, and other initiatives aimed at improving the guest experience and overall operation of the property.