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Glossary

Fair share

A metric that assumes an even distribution of supply, demand and revenue among all properties in a selected group. An index of 100 indicates a property has achieved its fair share.  For example, if a subject hotel’s ADR is $50, and the ADR of its competitive set...

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Glossary

Food & Beverage (F&B) revenue

Revenue derived from the sale of food, beverage and non-consumable goods and services sold by a property’s food and beverage department.  Refer to Data Reporting Guidelines for more specific application (HOST & P&L).

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Glossary

Franchise company

A group of independently-owned operations that have been issued a contract to use a specific name and logo, purchased for an annual fee plus “royalties” - usually based on a percentage of sales. Members share benefits like brand-name identity, corporate image adverti...

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Glossary

Full availability

This setting calculates the results based on the full physical capacity for the subject property, competitive set and industry segment.

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Glossary

Full service hotel

Typically Upscale, Upper Upscale and Luxury properties with a wide variety of onsite amenities, such as restaurants, meeting spaces, exercise rooms or spas.

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Glossary

Gaming/casino

Property with a major focus on casino operations.

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Glossary

Golf

Property that includes a golf course amenity as part of its operations. A property does not qualify if it only has privileges on a nearby course.

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Glossary

Group rooms

Typically defined as 10 or more rooms per night, sold pursuant to a signed agreement. Refer to Data Reporting Guidelines for more specific application. This type of data is included in the Segmentation portion of STR’s reports.

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Glossary

Holiday closure

A property is voluntarily closed for a period of time (less than one month), typically due to a holiday.

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Glossary

Hotel/motel

A standard hotel or motel operation.

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Glossary

Hotel types

Hotel classifications are driven primarily by building structure and, secondarily, by service level. Chain management has provided STR with hotel type classifications for a significant number of locations. Hotel types include: All-Inclusive: Property with rooms so...

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Glossary

Index

Measures a hotel’s performance relative to an aggregated grouping of hotels (i.e., competitive set, market or submarket). We utilize indexes to measure performance in three key areas: Occupancy, ADR and RevPAR. An index of 100 means a hotel is capturing a fair share...

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