Acronyms
The definition of ADR
Average Daily Rate
The meeting room set up style name with only rows of chairs facing the front of the room.
What is Theatre Style?
Lodgco Hospitality has hotels in these three states.
What is Michigan, Florida, Colorado?
The equation to find your ADR?
What is Room Revenue Divided by Rooms Occupied?
The tool we use to as a company to review segmentation vs. the competitive set of your choice?
What is Kalibri Labs?
Definition of NOI.
What is Net Operating Income?
The number that the meeting planner gives, usually 5 days prior to their event the final cost is determined by - even if the numbers come in lower?
What is a guarantee?
This was the first hotel in the Lodgco Hospitality Portfolio.
What is Hampton Inn Mt Pleasant?
It is the KPI referring to the hotel profits after subtracting all of their operating expenses. It illustrates the level operational profitability of a hotel.
What is GOP - Gross Operating Profit?
The web based tool we can use to create collateral specific to our hotel, company or holiday?
What is Canva?
What P&L Stands for?
What is profit & loss statement?
The form or "contract" with all of the details that the staff uses to set up/service the events in the meeting space.
What is a Banquet Event Order (BEO)?
The Number of Hotels that Lodgco currently has in our portfolio?
What is 19 hotels?
At which RevPar Index number you received your fairshare. Anything over this means you are getting more than your fairshare.
What is 100?
The database tool we use to collect all of our contact information, group information and activities.
What is Delphi?
How Lodgco breaks down and measures variable costs.
What is Per Occupied Room - POR?
A raised platform on which a head table is placed.
What is a Dais?
The Three Pillars that Lodgco Hospitality serves.
What are Guests, Employees, Owners?
What dividing the total number of rooms occupied, by the total number of rooms available, times 100 give you.
What is occupancy %.
You use this to uncover leads of new building projects, renovations, etc.
What is Construction Journal or Construct Connect?
The membership association that consists of travel managers and sets the standards for the corporate travel programs.
What is the Global Business Travel Association?
The seating that offers two columns of short, angled rows with an aisleway down the middle
What is chevron style?
The year that Lodgco Hospitality was founded
What is 1995?
Your Room Revenue divided by number of total number available rooms.
What is RevPar?
The tool Lodgco subscribes to that your Regional DOS can use to pull contact names of various companies.
What is ZoomInfo?