A venue is a location for some activity. It can be a theatre, conference room, meeting room etc. If a physical location (venue) has multiple configurations, each venue will have multiple pricing maps representing the different configurations - but all within the same venue. Plays or Events are assigned to a pricing map within a venue. The pricing map can be swapped out throughout the sales period, as long as the new pricing map exists within the same venue setup. Resources can be assigned to a venue to be used as a pick list when creating a rental agreement for a venue. Tasks can also be assigned to a venue.
Click here, for quick reference information for Venues and Maps