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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 ...

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...

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...

Individually and wholly-owned condominium unit. Inventory is included in a rental pool operated and serviced by a management company.

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).

An exchange rate that eliminates the effects of exchange rate fluctuations, using exchange rates from 31 January of the current year.

A consistent block of rooms committed at stipulated contract rates for an extended period over 30 days with payment guaranteed regardless of use, such as for airline crews and permanent guests. This type of data is categorized as  "contract" in segmentation calc...

Property with a minimum of 300 rooms and large meeting facilities (minimum of 20,000 square feet) and not part of the Conference Center Group (CCG).

Rooms added to a chain's inventory from another brand or independent hotel.  

Rooms removed from a chain's inventory and added to another brand or independent hotel.

The country or nation where a physical property is located.

In the U.S., a county is a geographic subdivision of a state (or federal territory).