9
ESG : Environmental , Social , and Governance .
FTE :
Full Time Equivalent , equal to the number of hours a full-time employee works for an organisation .
GBTA : |
Global Business Travel Association . |
GDS : |
Global Distribution System ( e . g . Amadeus , Travelport , Sabre ). |
GDV : |
Gross Development Value . |
Generation Z : |
Generation reaching adulthood in the second decade of the 21st century . |
GHG : |
Greenhouse gas . |
Greenium : |
A premium paid to purchase comparatively more sustainable options . |
GSAIR : |
Global Serviced Apartment Industry Report . |
Home Stay : |
Generic term for products like Airbnb , Onefinestay , or home rental . |
OBT : |
Online Booking Tool . |
Occupancy : |
Percentage of occupied bedrooms / apartments during a set period . |
OTA : |
Online Travel Agent ( e . g . Expedia , Booking . com ). |
PBSA : |
Purpose Built Student Accommodation . |
PMS : |
Property Management System . |
Relocation :
Relocation ( also referred to as Relo ), involves permanently moving an employee , and family , to another city or country .
RevPAR : Revenue Per Available Room . RFP : Request For Proposal .
RMC :
A Relocation Management Company provides outsourced relocation logistics management for organisations of different sizes and needs .
ROI : Return On Investment .
Serviced living :
TMC :
Generic term to describe the expanding number of emerging extended stay concepts . Fully furnished accommodation including kitchen facilities , with some private and communal spaces .
A Travel Management Company manages the business travel requirements of an individual or organisation , in line with their corporate travel policies , where relevant .
UK : United Kingdom . U . S .: United States of America . YoY : Year on Year .