Dubai International Airport
Baffled by an acronym? Our corporate travel glossary should help clear away misconceptions and have you talking like a pro.
Dubai International Airport
The European Aviation Safety Agency promotes the common standards of safety and environmental protection in civil aviation in Europe and worldwide.
Earnings before interest, taxes, depreciation and amortisation – a measure of profit used to value a company
Electronic miscellaneous document. EMD allows airlines to sell and track the use of all ancillary services, to accept payment, and to issue relevant documents to travellers. EMD will also integrate miscellaneous charges automatically into invoices, reports and back-office accounting systems.
Europe, Middle East and Africa
Emissions Trading Scheme: Effectively an emissions market where allowances are traded as units of volume e.g. one tonne of carbon dioxide. Participating companies are allocated a number of allowed emissions units of each gas. A company may emit more by purchasing units from the market. Similarly, a company may sell units if they are in excess. The total number of allocation units is fixed and regulated by central and EU government. An ETS imposes a limit on the total emissions according to reduction targets, while allowing companies flexibility.
European Organisation for the Safety of Air Navigation: EUROCONTROL’s mission is to harmonise and integrate air navigation services in Europe, aiming at the creation of a uniform air traffic management (ATM) system for civil and military users, in order to achieve the safe, secure, orderly, expeditious and economic flow of traffic throughout Europe, while minimising adverse environmental impact (source: www.eurocontrol.int).
New York Newark International Airport
Functional Airspace Blocks: A way of dividing up airspace. Currently airspace is organised according to national borders. FABs would reorganise airspace according to region, with the aim of improving efficiency across Air Navigation Service (ANS) providers.
Global Business Travel Association: formerly the NBTA (National Business Travel Association) and renamed in February 2011. It provides its members (business travel management professionals) with education and information
General Data Protection Regulation: a new and more stringent EU regime for data protection which will apply in the UK from May 25, 2018
Global Distribution System – a major electronic worldwide reservation system used by travel agents to book flights, hotels, car rental and other travel services. The major players in this area are Sabre, Amadeus and Travelport (which owns the Galileo and Worldspan GDSs).
Gross operating profit per available room: The net revenue from the hotel after expenses; a common term used in the hotel industry to measure performance
Guild of Travel Management Companies – now the Business Travel Association, the major UK-based association representing TMCs
Hotel Booking Agent