occupancy: the percentage of available rooms occupied
for a given period. It is computed by
dividing the number of rooms occupied for a period by the number of rooms
available for the same period.
on-demand public
transportation:
transportation services, such as
taxicabs that do not have regular schedules
OTTA: Oregon Tour and Travel Alliance
outbound operator: a company which takes groups from a given
city or country to another city or country
outbound tour: any tour that takes groups outside a given
city or country of origin, opposite of inbound
outfitter: a business that provides services or equipment
at a recreational facility, considered a sightseeing operator
pricing: decision-making process of ascertaining what price to charge for a given tour, once total costs are known. Pricing involves determining the markup, studying the competition, and evaluating the tour value for the price to be charged; function performed by the operations manager
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