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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...

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...

Denotes whether the property has interior or exterior corridors.

The largest meeting room – normally, the ballroom.

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.

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...

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...

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

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...

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

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...

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