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ADR
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Average daily room rate; the average room rate of a hotel calculated by dividing the total room revenue by the number of occupied rooms.
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Branding
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Obtaining a franchise brand name for a hotel such as, Holiday Inn, Hilton, etc.
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Flag
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Same as ‘branding’ above
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HVAC
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Heating, ventilation and air-conditioning.
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Net Operating Income
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Income, or profit, before interest expense, amortization expense and income taxes.
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Redundant Asset
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An asset of the hotel that is unnecessary to the performance of the hotel. This could be vacant land or a vehicle that is no longer used.
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Uniform System of Accounts for Hotels
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An industry-accepted standard for the structure of revenue and expense accounts for hotels. The standard was established and periodically updated with significant industry input and is published by the Hotel Association of New York.
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