What it means in plain language
Allotments are how hotels pre-commit inventory to tour operators, corporate accounts, or OTAs without overselling. Each comes with a release date - the cutoff after which unsold rooms return to general inventory. Watching wash on group allotments (the percent that never gets picked up) is one of the most overlooked levers in revenue.
How Allotment fits in the bigger picture
Allotment doesn't live alone - it sits inside the Pricing & Rate Strategy category and connects to 3 closely related concepts most working revenue managers track in the same breath. Pair this definition with the related terms below to build a working mental model - definitions in isolation are easy to memorize and easy to misuse.
Related terms you should also know
Each of these is one click away - start with whichever you don't already use daily: