occupancy rate
A percentage figure that is calculated from the sum of the rooms that a hotel sells in relation to the total number of rooms available for sale on a d [...]
6D Development Framework
A validation framework that creates a unified testing system in which achievement-level descriptors (ALDs) are integral to test development, cut score [...]
unaccommodated demand
Excess demand for hotel room nights produced by travellers who cannot find lodging accommodation during periods of peak occupancies, which is quantifi [...]
business plan
A detailed summary of the objectives of an intended business undertaking and outline of the required tactical actions to achieve the objectives and st [...]
average daily rate
A hotel occupancy ratio calculated by dividing net rooms revenue by the number of rooms sold for a given time period: Total Room Revenue / Total Numbe [...]
integrated project delivery
A collaborative alliance of people, systems, business structures and practices into a project delivery method, formed by a single, multi-party agreeme [...]
