Last Room Availability (LRA)
Quick answer
A clause in a corporate hotel agreement that the negotiated rate is available even when the property is showing only its last room — so corporate travellers don't get locked out at peak times.
A clause in a corporate hotel agreement that the negotiated rate is available even when the property is showing only its last room — so corporate travellers don't get locked out at peak times.
Explore related terms: Application Programming Interface , Average Daily Rate (Hotel ADR) , Best Available Rate
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A defined connection between two travel systems (OBT to expense tool, HR system to OBT, TMC to risk-management platform) that lets them pass data back and forth automatically.
The average price paid per occupied room per night — a core hotel benchmarking metric for both hoteliers and corporate buyers.
The lowest publicly available, unrestricted rate a hotel is selling on a given night — the benchmark a corporate negotiated rate is measured against.
A single unit that bundles all greenhouse gases (CO₂, methane, nitrous oxide and others) into the warming impact they'd have as an equivalent amount of CO₂ — the standard unit for reporting travel emissions.
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