Chain Scale
Chain Scale segments are grouped primarily according to actual average room rates. An independent hotel, regardless of average room rate, is included as a separate Chain Scale category. The Chain Scale segments are: Luxury, Upper Upscale, Upscale, Upper Midscale, Mid...
Change in rooms
Indicator of whether or not an individual hotel has added or removed rooms from their inventory.
Class
A categorization of chain-affiliated and independent hotels. The class for a chain-affiliated hotel is the same as its Chain Scale. An independent hotel is assigned a class based on its ADR, relative to that of the chain hotels in their geographic proximity. The clas...
Closed
Property that is closed permanently or due to renovation and may/may not reopen, depending on the closure reason.
Collapsed class | Collapsed class
Two combined classes that form a single segment. The collapsed classes are: Luxury and Upper Upscale Upscale and Upper Midscale Midscale and Economy
Collapsed scale
Combined chain scales that form a single segment. The collapsed scale segments are: Upscale Chains – includes Luxury, Upper Upscale and Upscale chains Midscale Chains – includes Upper Midscale and Midscale chains Economy Chains – includes Economy chains Indepen...
Company types
Company types include: Architect: Person or entity responsible for hotel project design, planning and, in many cases, construction supervision. Asset Management Company: Company that manages investments on behalf of the owner. Developer: Company that prepares a ...
Competitive Set (Comp Set)
A Competitive Set (Comp Set) is a group of hotels that a hotel property competes against for business. These hotels are typically located in the same geographic area and offer similar services and amenities. By analyzing a competitive set, a hotel can better understa...
Comp Set Grade
The Comp Set Grade is driven by a statistical model that analyzes the more than 30,000 primary comp sets stored in the STR database. The model does a comparative analysis of the composition of your property's primary comp set and the primary comp sets of all other pr...
Condo
Individually and wholly-owned condominium unit. Inventory is included in a rental pool operated and serviced by a management company.
Conference center
Property with a major focus on conference facilities. This type of establishment must adhere to the guidelines of the International Association of Conference Centers (IACC).
Fixed Constant Currency
An exchange rate that eliminates the effects of exchange rate fluctuations, using exchange rates from 31 January of the current year.