Glossary

Profit is the excess of revenue over expenses, if expenses exceed revenues in a given period the organisation will make a loss.

"Profit" in the context of travel, transport, and hotels refers to the amount of money that is left over after all expenses have been paid. It is the financial gain a business makes after deducting all expenses.

1. In the context of hotels, "profit" may refer to the amount of money that is left over after the hotel has paid for all of its expenses, such as employee salaries, utilities, and supplies. For example, a hotel might have a profit of $50,000 for the month of June after all of its expenses have been paid.

2. In the context of transportation, "profit" may refer to the amount of money that is left over after the transportation company has paid for all of its expenses, such as fuel, employee salaries, and maintenance. For example, an airline might have a profit of $100,000 for the quarter after all of its expenses have been paid.

3. In the context of tours, "profit" may refer to the amount of money that is left over after the tour operator has paid for all of its expenses, such as transportation, accommodation, and guides. For example, a tour operator might have a profit of $25,000 for the year after all of its expenses have been paid.

4. In the context of airfare, "profit" may refer to the amount of money that is left over after the airline has paid for all of its expenses, such as fuel, employee salaries, and maintenance.

Profit is a crucial measure of success for companies in the travel and hospitality industry, as it determines whether a business is financially viable in the long-term. Companies in the industry often strive to increase their profits through a variety of methods, such as increasing revenue, reducing expenses, and improving efficiency.