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What is the meaning / definition of Hotel Franchise Contract / Agreement? A contract between a hotel owner and a hotel franchise company where the franchise company allows a hotel to use its services and name for a fee. Services a franchisor can provide are for example national advertising, reservation system, [...]

What is the meaning / definition of Hotel Franchise in the hospitality industry? A Franchise is the right to use the brand and the business model of a specific parent company for a prescribed period of time. It is a method for expanding a business and distributing products and services through [...]

What is the meaning / definition of Hotel Classification? Hotels are classified according to the hotel size, location, target markets, levels of service, facilities provided, number of rooms, ownership and affiliation etc. Besides these classifications hotels are often classified with the Star, Diamond or Crown system, depending on geographic location. Classifications [...]

What is the meaning / definition of Hotel Capacity in the hospitality industry? Capacity is the set number of rooms in a single hotel: i.e. the maximum capacity. Typically answers the question: how many guests can your hotel have? Or which is the total number of rooms for your hotel. Hotel [...]

What is the meaning / definition of a Hotel Brand? A hotel brand is an identity that binds a group of hotels together in the eyes of the customers. The identity is generated by marketing in form of designs, symbols and words. With their brand identity, hotels can differentiate themselves from [...]

What is the meaning / definition of Hotel Asset Management in the hospitality industry? This term describes the practice of managing a hotel like an asset, rather than solely as a business, as it is common in hotel management. Hotel asset managers thereby see the hotel as a resource that generates [...]

What is the meaning / definition of Hotel Asset in the hospitality industry? In Hotel Asset Management, all properties fully owned by the hotel can be described as a hotel asset. Common hotel assets are the hotel itself, equipment, furniture and food items. Assets can appreciate or depreciate in value over [...]

What is the meaning / definition of Hotel? A hotel is an establishment which purpose it is to host guests over-night. The property is fitted with multiple rooms each suited with beds, duvets, cushions, a bathroom and everything else required for lodging a guest. The amenities offered vary from property to [...]

What is the meaning / definition of Hostel in the hospitality industry? The term Hostel describes an establishment that provides inexpensive food and lodging for people, such as students, workers, or budget travellers. Hostels, often provide shared accommodation, hosting several people in one room. Other facilities such as bathrooms, kitchens and [...]