The capitalization rate (or cap rate) for a hotel is used as a way to compare potential returns […]
Properties that have historically been described as unique in style and design-centric, and are either independent or affiliated […]
The American Automobile Association is a federation of motor clubs in the United States. Members of AAA can […]
The ADR index measures a hotel’s ADR performance relative to an aggregated grouping of hotels (e.g., competitive set, […]
What is the meaning / definition of Zero Base Budgeting in the hospitality industry? Zero Base Budgeting can […]
What is the meaning / definition of Youth Hostel? A youth hostel is a lower priced accommodation type in the hospitality industry catering towards a […]
What is the meaning / definition of Yield Management in the hospitality industry? Simply put, the purpose of Yield Management (aka Revenue Management) is […]
What is the meaning / definition of Yield in the hospitality industry? Yield simply means revenue made. But a common mistake is […]
What is the meaning / definition of Worldspan in the hospitality industry? Worldspan is a company providing worldwide electronic distribution of travel information, internet […]