Limited-Service Hotel

Limited-service hotels have rooms-only operations, (i.e. without food and beverage service) or offer a bedroom and bathroom for the night, but very few other services and amenities. These hotels are often in the budget or economy group and do not report food and beverage revenue.

Location Segment

Location segments are hotel classifications driven by physical location. Chain management has provided us with location classifications for a significant number of hotels. Location segments include:

Urban - A densely populated area in a large metropolitan area. (e.g. Atlanta, Boston, San Francisco, London, Tokyo.).

Suburban - Suburbs of metropolitan markets. Examples are Sags Harbor and White Plains, New York, near New York City USA and Croydon and Wimbledon near London, UK. Distance from center city varies based on population and market orientation.

Airport - Hotels in close proximity of an airport that primarily serve demand from airport traffic. Distance may vary.

Interstate/motorway - Hotels in close proximity of major highways, motorways or other major roads whose primary source of business is through passerby travel. Hotels located in suburban areas have the suburban classification.

Resort - Hotels located in resort areas where the primary source of business is from leisure destination travel. Examples are Orlando and Lake Tahoe.

Small Metro/Town - Lodging properties located in small cities and towns; locations typically considered smaller secondary or tertiary markets.

M

Market

In the U.S., a market is defined as a geographic area composed of a Metropolitan Statistical Area (i.e. Atlanta, GA), a group of Metropolitan Statistical Areas (i.e. South Central Pennsylvania) or a group of counties (i.e. Texas North). Outside the U.S., a market can be defined as a city, region or country with at least 30 participating hotels. A market must contain a sufficient number of hotels to permit further subdivision into submarket and price segments.

Market Class

Class is an industry categorization which includes chain-affiliated and independent hotels. The class for a chain-affiliated hotel is the same as its chain scale (see chain scale). An independent hotel is assigned a class based on its ADR, relative to that of the chain-affiliated hotels in its geographic proximity. There are six class segments:

Luxury

Upper Upscale

Upscale

Midscale with F & B

Midscale without F & B

Economy.

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