Term
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Definition
| Number of rooms available to rent |
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Term
|
Definition
| People who want to rent rooms or use services |
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Term
| Coaching Inn / Public House |
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Definition
| private homes that were opened to feed and house guests. (1600s) |
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Term
|
Definition
| percentage derived by dividing the total number of rooms occupied by total number of rooms available |
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Term
| Revenue per available room(REVPAR) |
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Definition
| Total revenue dollars generated per available room |
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Term
|
Definition
| More than two stories. Guest Room. Common Hallways. Luggage Assistance. Business Center. |
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Term
|
Definition
| Simple accommodation at low rate. |
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Term
|
Definition
| Living Space. Kitchen. Bedroom. Parlor. |
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Term
| Convention Hotel Property |
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Definition
| Meeting and Banquet Facilities for groups larger than 500. Double occupancy rooms. Catering |
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Term
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Definition
| Exotic, themed, amusement based. All inclusive packages. |
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Term
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Definition
| Viable alternative to business and vacation hotels. Mid-priced |
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Term
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Definition
| Young Travelers, Low Cost, Communal amenities. $36.54 |
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Term
|
Definition
| Ability to perpetuate an exclusive image by charging high rates. $350.00 |
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Term
|
Definition
| Attempt to offer a wide range of services at lower rates than luxury hotels. $122.00 |
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Term
| Limited-Service Mid-Scale |
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Definition
| free cable, pool, restaurant. $86.38 |
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Term
|
Definition
| low priced. small. few to no amenities. $53.82 |
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Term
|
Definition
| guest looking for specific amenities |
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Term
|
Definition
| Facility based comfort and familiarity |
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Term
|
Definition
| Value conscious guests, offers more than one product in one total price |
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Term
|
Definition
| Marketing Strategy for less than 1 year |
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Term
|
Definition
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Term
|
Definition
| Tailor made offerings for groups sharing a special interest |
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Term
|
Definition
| Depends upon the desirability or destination |
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Term
|
Definition
| cooperative efforts of several industry groups |
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