Glossary
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BAR (Best Available Rate)
The lowest publicly available hotel room rate for a given date, serving as a benchmark for negotiated corporate rates and dynamic pricing strategies.
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BCD Travel
A leading global travel management company that provides comprehensive corporate travel services, including booking, expense management, and traveler support. BCD Travel serves businesses worldwide through its network of owned operations and affiliate partnerships, offering both managed travel solutions and technology platforms to optimize corporate travel programs.
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Bleisure Travel
The combination of business and leisure travel, where employees extend business trips for personal vacation time, requiring flexible policy frameworks and expense separation.
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Booking Window
The time period between when a reservation is made and when travel occurs. Critical for understanding booking patterns and implementing advance purchase policies.