Glossary S
Glossary S
Deutsch: Abrechnung / Español: Liquidación / Português: Liquidação / Français: Règlement / Italiano: Regolamento
Settlement is a term used in the travel industry to refer to the process of reconciling and finalizing financial transactions between travel agencies, airlines, hotels, and other travel service providers. It involves the calculation and payment of commissions, fees, and other charges associated with travel bookings and services.
Deutsch: Siedler / Español: Colonizador / Português: Colonizador / Français: Colon / Italiano: Colonizzatore
A settler in the travel context refers to an individual who moves to a new area or country to live, often being part of a larger movement of people for the purpose of colonization, exploration, or seeking new opportunities. Unlike travelers who move for temporary reasons such as tourism, business, or education, settlers intend to establish a permanent or long-term residence in their new location.
Deutsch: Einrichtung / Español: Configuración / Português: Configuração / Français: Configuration / Italiano: Impostazione
Setup in the travel context refers to the process of arranging and preparing all necessary components for a trip, tour, or event to ensure a smooth experience. This term can apply to both the traveller's personal preparation and the behind-the-scenes logistics managed by travel companies, event planners, or hospitality staff.