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Tourism & Hospitality vocabulary · Sales & Revenue

Mark-up

Meaning in tourism & hospitality, with examples

/ˈmɑːk ʌp/nounCommon term

In tourism & hospitality, mark-up means: The amount or percentage that an agency or seller adds to the cost price of a product or service to make a profit.

In Turkish: kar payı, marj, fiyat farkı

How it is used

Tour operators buy hotel rooms at net rates and add a mark-up when they put together packages. Agencies that sell excursions, transfers or tickets also work with a mark-up or a commission. Also written markup. The verb is mark up: "They mark up the price by 20%."

Example sentences

  1. We buy the room at €80 net and sell it with a 20% mark-up.

  2. The agency's mark-up is included in the package price, so guests don't see it.

Common collocations

  • add a mark-up
  • 20% mark-up
  • net rate plus mark-up
  • mark up the price
  • net rateThe price a hotel charges a travel agency or tour operator without commission; the agency adds its own profit before selling to the guest.
  • commissionA percentage of the price that a hotel or supplier pays an agency or online platform for each booking it brings.
  • tour operatorA company that puts together holiday packages from flights, hotels, transfers and tours and sells them directly or through travel agencies.
  • package holidayA holiday sold at one price that includes travel and accommodation, and often transfers and meals, arranged by a tour operator.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Sales & Revenue

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