115 terms

A

Availability, Rates & Inventory

ARI

Distribution of hotel availability, rates and inventory state. Reliable ARI depends on change detection, idempotency and reconciliation.

Distribution
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Sellability

Availability

Whether an offer is actually sellable for a given date, occupancy and product context. A price alone does not guarantee availability.

Distribution
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Conversion credit

Attribution

Model assigning booking credit to clicks, sessions, campaigns or sources. Last-click attribution misses assisted influence in multi-touch travel journeys.

MeasurementTransaction
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Multi-touch contribution

Assisted Conversion

A channel or interaction that contributes to booking without being the final click. It matters in journeys such as OTA research followed by direct booking.

Measurement
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Application Programming Interface

API

A request/response or action contract between systems. In travel, latency, rate limits, retry behavior and idempotency are part of the operational contract.

DistributionResilience
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Booking seller

Agent

The airline, OTA or provider selling a flight offer. The same itinerary can be sold by multiple agents with different prices and conditions.

FlightAgentic Commerce
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Supplier payment model

Agency Model

A model where the traveler typically pays the supplier and the intermediary earns commission.

Distribution
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Conversion eligibility period

Attribution Window

The period during which a click or interaction remains eligible for attribution to a downstream booking.

Measurement
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Optional travel service

Ancillary

An optional service added to the core travel product, such as baggage, seats, lounge access or priority. Its identity and eligibility should survive booking and servicing.

Flight
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Payment approval hold

Authorization

The payment step that approves or reserves a chargeable amount on a payment method. Successful authorization does not imply capture or booking confirmation.

TransactionAgentic Commerce
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AI-mediated commerce

Agentic Commerce

A commerce model where an AI agent interacts with structured commerce systems for discovery, selection, checkout or transactions on a user's behalf. Authorization, auditability and deterministic transaction boundaries are core concerns.

Agentic Commerce
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Agent2Agent Protocol

A2A

An open protocol aimed at capability discovery, task delegation and interaction between independent agents. It addresses a different layer from MCP, which focuses on tool/resource access.

Agentic Commerce
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Agentic Commerce Protocol

ACP

An open commerce standard for merchant catalogs, checkout and agent-mediated purchasing. It lets agents transact through structured commerce contracts while merchants retain control of checkout and payment systems.

Agentic Commerce
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Agent Payments Protocol

AP2

An open payment-authorization protocol for proving user authority and transaction intent in agent-performed payments through verifiable mandates. It is not itself a commerce protocol; it focuses on the payment trust and authorization layer.

Agentic Commerce
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B

C

Stable internal identity

Canonical ID

A stable internal identifier that survives supplier or channel changes. Channel-specific IDs should map into the canonical model through adapters.

Identity & Mapping
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Revenue share

Commission

Revenue share paid to a distribution channel, often based on booking value. Gross commission and post-cancellation net commission should be tracked separately.

Pricing
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Cost Per Click

CPC

Cost incurred per offer click. Efficiency should be read together with click-to-book conversion and net booking value, not CPC alone.

Pricing
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Cost Per Acquisition

CPA

Cost per defined acquisition or booking. Attribution windows and cancellation policy materially affect interpretation.

Pricing
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Cost Per Sale

CPS

Cost tied to a completed sale. In travel, the sale definition may mean confirmed, stayed or non-cancelled booking.

Pricing
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Click-through rate

CTR

Share of impressions that generate a click. CTR alone is not quality and should be interpreted with downstream conversion.

Measurement
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Click/search to booking

Conversion Rate

The booking rate from a defined funnel step. Its meaning changes depending on whether the denominator is search, detail view or provider click.

Measurement
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Outcome measurement

Conversion Tracking

Measurement of bookings, cancellations and revenue after a click. Stable click IDs and reconciliation are essential to channel economics.

MeasurementTransaction
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Normalized inventory set

Catalog

A normalized product/entity view built by an advertising or distribution platform from feeds. A correct source feed can still produce a bad catalog through mapping rules.

Distribution
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Change-hint pricing

Changed Pricing

Approach where the partner signals changed pricing so the platform refreshes relevant contexts. Change-detection quality drives stale-price risk.

Distribution
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Cache efficiency

Cache Hit Ratio

Share of requests served from cache rather than upstream calls. A high hit ratio is useful only when it does not increase stale data.

Resilience
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Failure isolation

Circuit Breaker

A resilience pattern that temporarily stops calls to failing or slow upstream services. It limits search latency and cascading failures.

Resilience
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Airline

Carrier

The airline marketing or operating a flight. Carrier identity should not be confused with booking-agent identity.

Flight
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Central Reservation System

CRS

A system that centrally manages hotel inventory, rate plans, availability and reservations. It can act as an important source-of-truth layer between PMS, channel managers, booking engines and distribution channels.

Distribution
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Distribution sync layer

Channel Manager

A distribution layer synchronizing hotel rates, availability and inventory across multiple OTAs and channels.

Distribution
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Closed to Arrival

CTA

A restriction preventing check-in on a specific date.

Pricing
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Closed to Departure

CTD

A restriction preventing check-out on a specific date.

Pricing
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Eligibility-restricted offer

Conditional Rate

A rate available only to users meeting membership, mobile, geography, loyalty or campaign conditions.

Pricing
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Net economic contribution

Contribution Margin

The economic contribution remaining after channel acquisition, commission, payment, servicing and relevant variable costs are deducted from revenue.

Measurement
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Payment fund collection

Capture

The act of collecting or submitting for settlement an amount that was previously authorized. Booking and payment should be tracked as separate state machines.

Transaction
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Business-level rollback action

Compensation

A business action that reverses the effect of a completed step in a distributed workflow, such as voiding a payment authorization after booking failure.

ResilienceTransaction
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D

F

G

H

I

L

M

Commercial price uplift

Markup

Commercial uplift applied over a supplier net rate. It may vary by market, channel, product or campaign and affects parity and ROAS analysis.

Pricing
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Travel comparison layer

Metasearch

A distribution layer that normalizes and compares offers from multiple providers in one search context. Identity, freshness, ranking and handoff are core technical problems.

Distribution
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Payment-liability entity

Merchant of Record

The entity accepting customer payment through its merchant account and carrying primary payment-record, chargeback and refund responsibility.

Transaction
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Reseller payment model

Merchant Model

A commercial model where the intermediary charges the traveler and settles a contracted or net amount with the supplier.

Distribution
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Minimum Length of Stay

MinLOS

A restriction defining the minimum number of nights accepted for a given arrival/date/rate context.

Pricing
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Maximum Length of Stay

MaxLOS

The maximum stay length permitted for a rate or date context.

Pricing
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Commercially settled booking

Matured Booking

A booking considered commercially more settled after enough cancellation/refund exposure has passed.

Measurement
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Model Context Protocol

MCP

An open protocol for AI applications to interact with tools, resources and context providers through a standard interface. It is not a commerce or payment protocol; it is a capability-access layer for agents.

Agentic Commerce
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Machine Payments Protocol

MPP

An open protocol standardizing machine and agent payments inside HTTP request flows through payment challenges, credentials and receipts. It is designed to be payment-method agnostic.

Agentic Commerce
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Verifiable delegated authority

Mandate

A structured authorization artifact proving which actions, amounts, merchants or conditions an agent is allowed to act within. In agentic payments it provides explicit authority instead of inferred intent.

Agentic Commerce
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N

O

P

Point of Interest feed

POI Feed

A feed model describing physical properties or businesses with location and metadata. It can serve as the property-identity layer in hotel aggregation.

Identity & Mapping
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Entity resolution

Property Mapping

Determining whether records from different sources represent the same physical property. Bad mapping can attach an otherwise correct rate to the wrong hotel.

Identity & Mapping
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Offer coverage

Price Coverage

The share of searchable hotel/date/occupancy or route/date contexts for which pricing is available. Drops can signal connectivity or inventory issues.

PricingMeasurement
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Rate consistency

Price Accuracy

Consistency between the displayed metasearch rate and downstream booking rate. Taxes, fees, currency and occupancy semantics often cause mismatches.

PricingMeasurement
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Bundled travel product

Package Holiday

A bundled travel product combining at least two travel services in one package context. Component identity, package price and cancellation state need joint management.

DistributionTransaction
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Offer destination/source

Provider

The party supplying an offer or completing the booking. Provider ranking can depend on reliability and conversion quality as well as price.

Distribution
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Query-driven pricing

Pull Pricing

Pricing model where the platform requests required rates at query time. Upstream latency and concurrency capacity become critical.

Distribution
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Property Management System

PMS

The core hotel operations system managing reservations, room assignments, check-in/out, folios and guest state.

Distribution
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Timestamped price evidence

Price Observation

A price observed for a specific query context and timestamp, stored with amount, currency, source, observedAt and freshness metadata.

Identity & Mapping
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Passenger Name Record

PNR

A reservation record containing passenger and itinerary information. A PNR can represent booking state but is not proof of ticket issuance or payment settlement.

Flight
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Periodic state lookup

Polling

A method of discovering state changes by periodically querying an API instead of waiting for events. Poll interval, rate limits and eventual consistency should be designed together.

ResilienceTransaction
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R

S

T

U

V

W

X