| A | B |
|---|
| airline-related guests | Airplane crew members; airline passengers needing emergency accommodations. |
| airport hotels | Full-service hotels built near airports. |
| all-suite hotel | A hotel that features units made up of two connected hotel rooms that sell for approximately the price of one. |
| budget hotel | A type of limited-service hotel. |
| center-city hotel | Full-service hotel located in downtown areas. |
| conference centres | Specialized hotels, usually accessible to major market areas but in less busy locations, that almost exclusively book conferences, executive meetings, and training seminars. |
| construction financing loan | A short-term loan to be used while a hotel is being built, with repayment to be made in three years or less. |
| convention & association groups | Groups of businesspeople attending a convention or association meeting. |
| corporate groups | Small groups of people traveling for business purposes, usually to attend conferences or meetings. |
| corporate individuals | Individuals traveling for business purposes. |
| economy hotel | A type of limited-service hotel that has the lowest construction and operation costs. |
| feasibility study | A study commissioned by developers and prepared by consultants to determine the potential success of a proposed hotel on a proposed site. |
| luxury hotel | Hotel with high room rates and exceptional service and amenities. |
| franchise | The authorization given by one company to another to sell its unique product and service. |
| franchisee | The individual or company granted a franchise. |
| franchisor | The franchise company that owns the trademark, products, and/or business format that is being franchised. |
| government and military travelers | Travelers in government or the military on a fixed per diem allowance who typically are reimbursed for hotel and other travel expenses. |
| guest mix | The variety or mixture of guests who stay at a hotel or patronize a restaurant. |
| hard costs | The land, building and furniture, fixtures, and equipment costs that are basic to hotel and restaurant development. |
| highway hotel | A hotel built next to a highway. |
| hotel chain | A group of affiuliated hotels. |
| independent hotel | A hotel owned by an individual or group of investors not connected with any hotel. |
| leisure travelers | Vacationing travelers who typically spend only one night at a hotel unless the hotel is their destination. |
| limited-service hotel | A hotel that does not offer the full range of services customarily associated with hotels. |
| relocation guests | Individuals or families relocating to an area who require lodging until permanent housing is found. |
| management company | A company that manages hotels for owners. |
| mid-price hotel | A hotel that offers facilities and services similar to that at first-class hotel, but at average rates. |
| permanent financing loan | A long-term mortgage loan for a hotel, usually up to 25 years. |
| referral systems | Independent hotels or small chain hotels that do not share common operating systems, decor, purchasing systems etc., but are linked by a common reservation system and a common marketing strategy. |
| regional getaway guests | Guests who check into a hotel close to home in order to enjoy a weekend away from daily responsibilities. |
| resort hotels | Usually located in desirable vacation spots, they offer fine dining, exceptional service, and many amenities. |
| segmenting | A method of categorizing hotels by the prices they charge. |
| seniors housing | Long-term living facilities for senior citizens. |
| soft costs | Development costss other than land; building; and furniture, fixtures, and equipment costs for a hotel or restaurant project. |
| suburban hotels | Hotels located in suburban areas. |
| take-out | The permanent financing secured for a new hotel. |
| timeshare condominiums | Condominiums for which a n owner can purchase a portion of time at the condominium and share the condominium with other owners. |
| tourist courts | The forerunners of motels, built along the highways in the 1920s and 1930s. |
