Hotel Term Glossary

• Group Backlog

• Group Pace

• Labor Productivity

• Projected Demand Analysis (PDA)

• Projected Market Share

• Rolling Market Demand Analysis (RMDA)

• Strategic Planning

• Strategic Sales Planning

• SWOT Analysis

Hotel Chain Scales

• Economy Hotels

• Independent Hotels

• Lower-Priced Hotels

• Luxury Hotels

• Midscale Hotels

• Upper Midscale Hotels

• Upper Upscale Hotels

• Upper-Priced Hotels

• Upscale Hotels

Hotel Construction Phases

• Final Planning

• In Construction

• Planning

• Pre Planning

Hotel Demand Types

• Contract Demand

• Group Demand

• Other Demand

• Transient Demand

Hotel Expense Categories

• Administrative and General

• Food and Beverage Expense

• Insurance Cost

• Labor Cost

• Management Fees

• Other Fixed Charges

• Other Operated Expenses

• Payroll and Related Expenses

• Property and Other Taxes

• Property Operation and Maintenance Expense

• Rent

• Rooms Expense

• Salaries, Wages, and Bonuses

• Sales and Marketing

• Total Departmental Expenses

• Total Expenses

• Total Fixed Charges

• Total Undistributed Expenses

• Utilities Expense

Hotel Finance

• Hotel Cap Rates (Capitalization Rates)

• Debt (Service) Coverage Rate (DCR)

• Debt Service Payment

• Delinquency

• Foreclosure

• Loan to value (LTV)

• Real Estate Owned (REO)

Hotel Income Categories

• Gross Operating Profit (GOP)

• Income Before Fixed Charges

• Net Operating Income (NOI)

• Total Departmental Income

Hotel Location Types

• Airport Hotels

• Interstate Hotels

• Resort Hotels (Location)

• Small Town/Metro Hotels

• Suburban Hotels

• Urban Hotels

Hotel Market Statistics

• Hotel Census

• Comparative Set

• Competitive Set

• Hotel Locations

• Hotel Market

• Penetration Rate

• Hotel Submarkets

Hotel Performance Measures

• Average Daily Rate (ADR)

• Occupancy (Occ)

• Revenue Per Available Room (RevPAR)

• Rooms Available (Supply)

• Rooms Demanded (Demand)

Hotel Revenue Categories

• Food and Beverage Revenue (F&B Revenue)

• Other Operated Departments Revenue

• Rentals and Other Income

• Rooms Revenue

• Total Revenue

Hotel Spa

• Hotel Spa

• Hotel Spa Expenses

• Hotel Spa Profits

• Hotel Spa Revenue

• Hotel Spa Services

• Resort Hotel Spas

• Urban Hotel Spas

Hotel Statistics

• Chain Scales

• Guest Day

Hotel Types

• All Hotels

• Convention Hotels

• Full-Service Hotels

• Limited-Service Hotels

• Resort Hotels (Type)

• Suite Hotels with Food and Beverage

• Suite Hotels without Food and Beverage