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There are three typical calculation methods: pro-rate, or using a penalty method such as short period rate (old short rate), and short period rate (90% pro rata). The return premium is generally calculated using a wheel calculator, a type of circular slide rule or an online version. [ 1 ]
During its early years, TraveLodge emphasized itself as a budget motel chain that offered functional accommodations at rates lower than other chains. TraveLodge also emphasized that its motels were centrally located in or near downtown areas in order to be convenient to local restaurants, churches, theatres, shopping areas and tourist attractions.
Travelodge is known for its budget style hotels and room types. [citation needed] They have a range of hotels across the United Kingdom, Ireland and Spain. Travelodge offers many different room types, from their iconographic standard budget style to a more sleek-high end look.
Best Available Rate (BAR), also known as Best Rate Guaranteed (BRG), is a pricing mechanism used by hotels and hotel chains. It was introduced as a result of the hotel industry mimicking the airline industry, which sets price by forecasting demand. There are several interpretations and executions of BAR in the hotel industry.
The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources. [ 7 ] [ 8 ] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi , the capital and largest city in Kenya and East Africa .
Short rate cancellation (insurance), a penalty method of calculating return premium of an insurance policy; Short rate table, used to calculate the earned premium for such a policy; Short-rate model (interest), a mathematical model that describes the future evolution of interest rates by describing the future evolution of the short rate
The company was established in November 1965, to promote a savings culture and home ownership among the citizens of newly independent Kenya.Major investors in the company included the Commonwealth Development Corporation (CDC), whose shareholding at one time was as high as 60%, and the Government of Kenya, which at one time owned 50% of the company.
It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. [2] The bank has introduced Agency banking model and has a deep customer base in Kenya with over 7.5 million accounts as of December 2018. In 2010, the bank was awarded "Best Bank of Kenya" by the London Financial Times due to their excellent growth. [3]