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Glossary

Number of floors

The number of floors or stories in the property.

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Glossary

Number of rooms

Total number of rentable rooms for overnight accommodations.

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Glossary

Occupancy (Occ)

Percentage of available rooms sold during a specified time period. Occupancy is calculated by dividing the number of rooms sold by rooms available. Occupancy = Rooms Sold / Rooms Available

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Glossary

Occupancy Index/Market Penetration Index (MPI)

Measures a hotel’s Occupancy (Occ) performance relative to an aggregated grouping of hotels (i.e., competitive set, market, submarket). If all things are equal, a property's Occ Index or MPI is 100 compared to the aggregated group of hotels (historically described as...

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Glossary

Open date (YYYYMM)

Year and month a property opened as a lodging establishment for the first time.

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Glossary

Operation type

Hotels typically fall under one of three operation types: Chain Managed: Properties are branded and operated by the chain. Franchised: Branded properties operated by a third party that pays franchise fees or royalties to the chain for the use of its brand name, m...

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Glossary

Other revenue

Typically includes revenue outside of rooms and F&B departments.

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Glossary

Owner

Company that primarily owns, rather than franchises or manages hotels. A given hotel may have multiple owners.

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Glossary

Parent company

Company that owns one or more brand. Examples include Accor, Choice Hotels International, InterContinental Hotels Group, Marriott International and Wyndham Hotels & Resorts.

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Glossary

Percent change (% Chg.)

The amount of change—positive, negative, or flat—expressed as a percentage comparing a period versus the same period last year. Calculated as ((This Year — Last Year)/Last Year)*100.

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Glossary

Percent change rank (Occupancy, ADR, RevPAR)

Subject property's percent change ranked in comparison to the percent change of each hotel in the competitive set.

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Glossary

Pipeline

Data that details existing global hotel supply and projected growth and includes construction data gathered from the major chains and management companies, as well as data provided by convention and visitors bureaus (CVB), periodicals, consultant reviews and develope...

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