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Industry
Glossary |
Data
Dictionary Services
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Industry
Glossaries:
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Lodging |
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| Average Daily Room Rate (ADR) | Category |
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| Casino Winnings | Category | | Money won in a casino. | Lodging |
| Comps | Category | | Complimentary items such as rooms, food, beverages chips, coins or other items that casino operators give away to atrract and retain customers | Lodging |
| Corporate Travel | Category | | Corporate group trips for business purposes such as convention or trade association meeting. | Lodging |
| Destination Casino Resorts | Category | | Casino properties that attract customers from long distance . These casinos feature elaborate architechure and design, a full service casino, and high end retail stores, high -end restaurants, hotel guest rooms, and extensive meeting and convention facilities. | Lodging |
| Franchise | Category | | In the hotel industry, a franchise is part of a group of independently owned operations which have been issued a contract to use a specific name and logo purchased for an annual fee plus royalties which is usually based on a percentage of sales. | Lodging |
| Hold Percentage | Category | | The percentage of custoemrs gambling dollars that are won by casinos. | Lodging |
| Limited Stakes Casinos | Category | | Gaming that has limits on the amount of bets, games, or hours of operation. | Lodging |
| Occupancy Level | Category | | The percentage of available rooms that were sold during a specified period of time . Occupancy is calculatedby dividing the number of rooms sold by the number of rooms availble. | Lodging |
| Payout | Category | | The amount paid or disbursed to a player for a casino win. | Lodging |
| RevPar | Category | | A key metric in the lodging industry that measures hotel room sales revenue. RevPar measures dollars generated on average for each room available (both sod and unsold) . RevPar is calculated as the number of rooms available times the occupancy rate (percentage of rooms occupied) times the average room price in dollars. | Lodging |
| Riverboat casino | Category | | Water-borne casinos that can be immobile barges and operate on lakes or on the Mississippi's Gulf Coast. | Lodging |
| Room Supply | Category | | Rooms availble which is the number of troomsin a hotel or a set of hotels multiplied by the number of days in a specific period | Lodging |
| Midscale Hotel | Category | | Hotels located in cities and suburban areas which are quality hotels featuring medium-sized restaurants, fitness centers, and pools. | Lodging |
| Economy Hotels | Category | | Economy hotels are low-priced hotels with reduced amenities, no-frills services for budget-minded travelers. | Lodging |
| Luxury Hotels | Category | | Luxury hotels (called upscale hotels) serve an high income clientel with high end amenities such as extended services , accomodaties, high-end restaurants, and personal services | Lodging |
| Upscale Hotel | Category | | see Luxury Hotel | Lodging |