Submarket class
Properties located in a specific submarket and STR class segment (i.e., Waikiki, HI Upper Upscale Class).
Submarket collapsed class
Properties located in a specific submarket and STR collapsed class segment (i.e., Waikiki, HI Upscale / Upper Midscale classes).
Submarket collapsed scale
Properties located in a specified submarket and STR collapsed scale segment (i.e., Waikiki, HI Midscale includes Upper Midscale & Midscale chain scales).
Submarket scale
Properties located in a specific submarket and STR scale segment (i.e., Times Square Area Luxury Chains). See Market Tract Scale.
Supply (rooms available)
Number of rooms in a hotel or set of hotels multiplied by the number of days in a specified time period. Refer to Data Reporting Guidelines for more specific application. Example: 100 rooms in subject hotel x 31 days in the month = Room Supply of 3,100 for the...
This year vs. last year
Amount of growth - positive, negative or flat - this period versus the same period last year. Calculated as ((TY-LY)/LY)*100.
Timeshare
Property that typically is a resort condominium unit, in which multiple parties hold property use rights, and each timeshare owner is allotted a period of time when the property may be used.
Total revenue
Revenue from all hotel operations - including rooms, F&B, other revenue departments (i.e., spa, golf, parking) and miscellaneous revenue (i.e., rentals, leases, resort fees and cancellation fees).
Total Revenue Per Available Room (TrevPAR)
A measure of total operating Revenue Per Available Room (RevPAR), calculated by sum of room, food and beverage (F&B) and all other operating revenue divided by total available rooms. See Total Revenue, Total Available Rooms. Total Revenue/Total Available Rooms= T...
Total Revenue Per Occupied Room (TrevPOR)
A measure of total operating Revenue Per Occupied Room, calculated by sum of room, food and beverage (F&B) and all other operating revenue divided by total rooms sold. See Total Revenue. Total Revenue/Rooms Sold= TrevPOR
Transient rooms
Includes rooms sold to individuals or groups occupying less than 10 rooms per night. This type of data is categorized as "transient" in segmentation calculations. Refer to Data Reporting Guidelines for more specific applications.
Waterpark
An indoor or outdoor waterpark resort with a lodging establishment containing an aquatic facility (minimum of 10,000 square feet of waterpark space) and inclusive of amenities (slides, tubes and a variety of water play features).