Rank | Abbreviation | Meaning |
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***** | MERCHANT MODEL. | In the hospitality industry, a distribution strategy that uses third party web sites (or “merchants”) to sell hotel rooms or inventory, as opposed to offering that inventory through the hotel’s
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**** | MERCHANT MODEL PRICING. | A system in which suppliers sell space to travel agents at a net price, allowing the agency to set a retail price of its choosing.
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** | MERCHANT MARINE. | 1. The commercial shipping industry of a given nation. 2. Those involved in that industry.
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