Need to know what a hotel term means? Look it up in the Xotels Glossary. We explain definitions of terminology industry lingo from hotel revenue management, ecommerce, marketing and distribution.
|LCR - Local Company Rate||
LCR is short for Local Company Rate.
Hotels sometimes agree a special rate with a local company, as that can be good for business in both the short and long term.
|Lead Time Restriction|
What is the meaning / definition of Lifestyle Hotel in the hospitality industry?
Similar to a boutique or a luxury hotel, a Lifestyle Hotel is not a ‘proper hotel category’ but can be defined through specific characteristics. Those characteristics are similar to a boutique hotel. They are both unique in their character and very distinctive. The attributes associated with a Lifestyle Hotel are: quirky, cutting-edge, avant-garde, trendy, funky, charming.
|Limited Service Hotel||
What is the meaning / definition of Limited Service Hotel?
The term limited service hotel, is used to describe budget-friendly hotels that offer accommodation without a food and beverage component like a restaurant.
These hotels may have amenities such as business centre, fitness room, pool, guest laundry facilities or more. Areas where a guest may eat or cook their own meals are BBQ areas, communal kitchens or near-by restaurants.
What is the meaning / definition of Lodging in the hospitality industry?
The term lodging describes a wide range of accommodation types which provide shelter or a place to stay overnight. It is used to describe locations away from home and the quality of the place can vary from a small island hut or a tent to a five star all inclusive resort.
|LOS - Length of Stay||
What is the meaning / definition of Length of Stay in the hospitality industry?
LOS stands for Length of Stay. Figure derived by dividing the number of room nights by the number of bookings.
There a different types of LOS, in fact.
|LRA - Last Room Availability||
LRA is short for Last Room Availability. At the contracted rate, an agent can book the last room a hotel has available, by right. Some people may be surprised by this, thinking that a hotel has complete control over room booking decisions at their premises, at all times. But, because of LRA, this is not necessarily always the case!
What is the meaning / definition of Luxury Hotel in the hospitality industry?
A Luxury Hotel is considered a hotel which provides a luxurious accommodation experience to the guest. There are no set standards (such as stars) for luxury hotels. Often 4 or 5 star hotels describe themselves as ‘luxury’.