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Glossary

Interior/exterior corridor

Denotes whether the property has interior or exterior corridors.

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Glossary

Largest meeting room sq. ft.

The largest meeting room – normally, the ballroom.

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Glossary

Latitude/longitude

Angles that uniquely define points on a sphere. Together, the angles comprise a coordinate scheme that can locate or identify geographic positions on the surfaces of planets, such as Earth.

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Glossary

Lifestyle brand

Group of hotels operating under the same brand that is adapted to reflect current trends. Select lifestyle brand hotels include AC Hotels by Marriott International, Aloft by Starwood Hotels & Resorts Worldwide, Radisson Red by Carlson and W Hotels by Starwood Hot...

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Glossary

Limited service hotel

What are “limited-service hotels?” Limited-service hotels are properties that offer select or focused facilities and amenities, typically without a full-service restaurant. These hotels are often in the Economy, Midscale or Upper Midscale segments. Limited-service h...

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Glossary

Location segment

Property classification driven by physical location. Chain management provides STR with location classifications for a significant number of hotels. 

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Glossary

Location type

Property classification driven by physical location regardless of amenities or services offered. Location types include:  Location Segments and Types include: Urban: Densely populated location in a large metropolitan area. (e.g., Atlanta, Boston, San Franci...

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Glossary

Operator/Management company

Company that manages a property’s operations for its owners, typically in return for fees and/or revenue share.

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Glossary

Market

In the U.S., a market is a geographic area typically made up of a Metropolitan Statistical Area (e.g., Atlanta, GA), a group of Metropolitan Statistical Areas (i.e., South Central PA) or a group of postal codes (i.e., Texas North). Outside the U.S., a market is defin...

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Glossary

Market Class

A combination of market and class for data reporting purposes. See Market, Class.

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Glossary

Market collapsed class

Properties located in a specific market and STR collapsed class segment (i.e., Nashville, TN Luxury / Upper Upscale classes).

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Glossary

Market collapsed scale

Properties located in a specific market and STR collapsed scale segment (i.e., Nashville, TN Upscale includes Luxury, Upper Upscale, Upscale chain scales).

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