World Wide Sub-Market
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-outside of North America, the term "Submarket" is used instead of Tract
-# of Submarkets depend upon the size of the Market
Conference
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-establishments must meet guidelines of the International Association of
Conference Centers (IACC)
,REIT
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-became active in lodging until the late '90s
-company that owns, and in most cases operates, income-producing real
estate assets
-designed to provide a real estate investment structure similar to the
structure mutual funds provide for investment in stocks
-reduces or eliminates corporate tax
-REITs are required to distribute at least 90% of their taxable income to
their investors in return
______ regions in the U.S.
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-9
In World Wide markets...
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-no market will ever cross country boundaries
Is it possible to obtain the members of the Reverse Comp Set for your hotel from STR
(for North America properties only)?
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Yes
Ranking Data Format
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-"X of Y", where X is the subject hotel's position and Y is the number of
participating properties in the comp set (which includes the subject hotel)
Comparable Days
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-the same day of week last year with the closest date
Other Names for Index Numbers
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-MPI (Market Penetration Index)= Occupancy Index
-ARI (Average Rate Index)= ADR Index
-RGI (Revenue Generation Index)= RevPAR Index
Hotels with multiple comp sets could have various...
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key competitive features and/or unique qualities
There is a higher concentration of Economy and Midscale hotels in...
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smaller metro and rural markets
Sufficiency
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-relates to whether or not enough of the hotels in the competitive set have
participated (submitted data) for a single time period
-does not take into consideration the number of hotels that are actually in
the comp set
Index Percent Change numbers are very important because they show...
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-year-over-year "improvement"
RevPar
Give this one a try later!
-outside of North America, the term "Submarket" is used instead of Tract
-# of Submarkets depend upon the size of the Market
Conference
Give this one a try later!
-establishments must meet guidelines of the International Association of
Conference Centers (IACC)
,REIT
Give this one a try later!
-became active in lodging until the late '90s
-company that owns, and in most cases operates, income-producing real
estate assets
-designed to provide a real estate investment structure similar to the
structure mutual funds provide for investment in stocks
-reduces or eliminates corporate tax
-REITs are required to distribute at least 90% of their taxable income to
their investors in return
______ regions in the U.S.
Give this one a try later!
-9
In World Wide markets...
Give this one a try later!
-no market will ever cross country boundaries
Is it possible to obtain the members of the Reverse Comp Set for your hotel from STR
(for North America properties only)?
,Give this one a try later!
Yes
Ranking Data Format
Give this one a try later!
-"X of Y", where X is the subject hotel's position and Y is the number of
participating properties in the comp set (which includes the subject hotel)
Comparable Days
Give this one a try later!
-the same day of week last year with the closest date
Other Names for Index Numbers
Give this one a try later!
-MPI (Market Penetration Index)= Occupancy Index
-ARI (Average Rate Index)= ADR Index
-RGI (Revenue Generation Index)= RevPAR Index
Hotels with multiple comp sets could have various...
, Give this one a try later!
key competitive features and/or unique qualities
There is a higher concentration of Economy and Midscale hotels in...
Give this one a try later!
smaller metro and rural markets
Sufficiency
Give this one a try later!
-relates to whether or not enough of the hotels in the competitive set have
participated (submitted data) for a single time period
-does not take into consideration the number of hotels that are actually in
the comp set
Index Percent Change numbers are very important because they show...
Give this one a try later!
-year-over-year "improvement"
RevPar
