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Industry Glossary
Data Dictionary Services
Industry Glossaries:
 
Lodging
                 
 Average Daily Room Rate (ADR)
Category
 

 

Lodging
 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