Term
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Definition
Average Daily Rate
total room rev/total # rooms sold |
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Term
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Definition
Return On Investment
hotel income after taxes/total hotel investment |
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Term
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Definition
Revenue Per Available Room
ADR x Occupancy rate |
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Term
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Definition
Real Estate Investment Trusts
(type of owner) |
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Term
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Definition
| American Hotel and Lodging Association |
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Term
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Definition
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Term
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Definition
| Global Distribution System |
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Term
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Definition
Federal Trade Commission
(protects consumers and marketplace) |
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Term
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Definition
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Term
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Definition
Franchise Offering Circular
(document provided by franchisor to prospective franchisee) |
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Term
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Definition
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Term
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Definition
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Term
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Definition
Cost Per Occupied Room
total expenses/total number of rooms |
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Term
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Definition
Collective Bargaining Agreement
(employers and group of employees make agreement for work conditions) |
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Term
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Definition
| Continuous Quality Improvement |
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Term
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Definition
| Social, Military, Educational, Religious, Fraternal |
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Term
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Definition
Smith Travel Accommodations Report
(benchmark reports) |
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Term
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Definition
| Central Reservation System |
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Term
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Definition
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Term
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Definition
| Furniture, Fixes & Euiptment |
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Term
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Definition
Quality Assurance
(process ensuring best possible service) |
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Term
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Definition
| Frequent Individual Traveler |
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Term
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Definition
| American Automobile Accosiaion |
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Term
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Definition
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Term
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Definition
| Family and Medical Leave Act |
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Term
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Definition
| Director of Sales and Marketing |
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Term
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Definition
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Term
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Definition
| Property Management System |
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Term
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Definition
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Term
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Definition
Capital Expenditure
(funds used to acquire long term asset) |
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Occupational Safety and Health Administration |
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Term
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Definition
Material Safety Data Sheets
(provides workers with knowledge on how to handle substances) |
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Term
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Definition
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Term
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Definition
| Heating, Ventilating and Air-Conditioning |
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Term
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Definition
| Leadership in Energy and Environmental Design |
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Term
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Definition
Gross Operating Profit
gross operating profit-gross operating expenses |
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Term
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Definition
| Earnings Before Interest,Tax, Depreciation, and Amortization |
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Term
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Definition
| Generally Accepted Accounting Principles |
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Term
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Definition
Private Branch Exchange
(private telephone network used within an enterprise) |
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
| Strenghts, Weaknesses, Opportunities and Threats |
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Term
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Definition
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Term
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Definition
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Term
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Definition
Profit and Loss Statement
(summarizes revenues, costs, and expenses in a certain period of time) |
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
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Term
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Definition
Equal Employment Opportunity Commission
(federal agency working to prevent discrimination) |
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Term
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Definition
Ground Fault Interrupter
(special outlet used for wet areas) |
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