Abbrivation

27 October 2010   Hotel Industry Terms to Know   28 April 2010 10:31 AM By The HNN editorial staff   Editors note: This list of terms is meant to be an ongoing imaging within the ever-changing hotel industry. This list includes, but is not restrict to, terms related to STR, which is HotelNewsNow.coms p arent company, and STR Global, a sister company of HotelNewsNow.com. If you have any suggestions for additional terms or have questions, please e-mail the editors. A B C D E-F G-H-I J-K L M N-O P Q-R S T U-V W-X-Y-Z A AAA - The highest rating given to bonds by bond-rating agencies. AAA bonds are judgment to have al approximately no default risk. non-whites and Standard & Poors are the most widely used rating agencies. ADR (average daily rate) - A meter of the average rate paid for rooms sold, calculated by dividing room tax revenue by rooms sold. (ADR = room revenue / rooms sold) ADR (rate) index - The ADR index measures a hotels ADR doing relative to an aggregate grouping of hotels (e.g., competitive set, market, submarket/tract). An ADR Index of coke equals unobjectionable share of ADR, compared to the aggregated group of hotels. An ADR Index greater than ascorbic acid represents more than a fair share of the aggregated groups ADR performance.

Conversely, an ADR Index below 100 reflects less(prenominal) than a fair share of the aggregated groups ADR performance. To calculate an ADR index: (Hotel ADR / Aggregated group of hotels ADR) x 100 = ADR index Fair share can be thought of as the adequate to(p) hotels piece of the pie in the market. For example, if the subject hotels ADR is US$50 and the ADR of its competitive set is US$50, the subject hotels index would total 100. If the subject hotels ADR totaled US$60, its index would be 120, indicating the hotel has captured more than its fair share. If the subject hotels ADR totaled US$40, its index would be 80, indicating the hotel has captured less than its fair share. auction - A system in which potential buyers place competitive bids on... If you want to get a full essay, order it on our website: Ordercustompaper.com

Ordercustompaper.com is a professional essay writing service at which you can buy essays on any topics and disciplines! All custom essays are written by professional writers!