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Benchmarks: Points of reference or comparison, which may include standards, critical success factors, indicators, metrics. Best Practice



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Benchmarks: Points of reference or comparison, which may include standards, critical success factors, indicators, metrics.

  • Best Practice: Operational standards considered the most effective and efficient means of achieving desired outcomes.

  • bias: preferential display on a reservations computer of a host carrier flight schedule.

  • biodiversity: a variety of wildlife in an area

  • Biological diversity (biodiversity): The variety of life forms and genes they contain, and the ecosystems they form. Biodiversity is usually considered at four levels; genetic diversity, species diversity, community diversity, and ecosystem diversity.

  • block: a number of rooms, seats, or space reserved in advance, usually by wholesalers, tour operators, or receptive operators who intend to sell them as components of tour packages.

  • bonding: the guarantee of protection for a supplier or consumer. In the travel industry, certain bonding programs are mandatory. The ARC insists that travel agents be bonded to protect the airlines against defaults. Professional operators and agents buy bonds voluntarily to protect their clients.

  • booking form: a document which tour purchasers must complete which gives the operator full particulars about who is buying the tour. It states exactly what is being purchased, ( including options) and must be signed as acknowledgment that the liability clause has been read and understood.

  • bulk fare: fare available only to tour organizers or operators who purchase a specified block of seats from a carrier at a low, non-commissionable price and then have the responsibility of selling the seats, including a commission in their marked-up price.

  • Bureaucracy: An organisation typified by formal processes, standardisation, hierarchic procedures, and written communication

  • business plan: an action plan that entrepreneurs draw up for the purpose of starting a business; a guide to running one's business


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