{"id":37171,"date":"2021-03-16T18:30:06","date_gmt":"2021-03-16T17:30:06","guid":{"rendered":"https:\/\/mrp-hotels.com\/hotel-glossar\/"},"modified":"2025-05-28T11:04:49","modified_gmt":"2025-05-28T09:04:49","slug":"glossary","status":"publish","type":"page","link":"https:\/\/mrp-hotels.com\/en\/glossary\/","title":{"rendered":"Glossary"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"37171\" class=\"elementor elementor-37171 elementor-3757\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5b4809fe elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5b4809fe\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4381b7b9\" data-id=\"4381b7b9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fba47de elementor-widget elementor-widget-heading\" data-id=\"fba47de\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Hotel Glossar <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-32c6ba0 elementor-widget elementor-widget-shortcode\" data-id=\"32c6ba0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-shortcode\"><div class=\"cm-glossary term-definition\"><div class=\"glossary-container no-counts\"><input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"glossary_index_style\" value=\"term-definition\">\t\t<div class=\"progress-indicator\">\r\n\t\t\t<img decoding=\"async\" src=\"https:\/\/mrp-hotels.com\/wp-content\/plugins\/TooltipProPlus\/assets\/css\/images\/ajax-loader.gif\" alt=\"AJAX progress indicator\"\/>\r\n\t\t<\/div>\r\n\t\t<div class=\"glossary_top_filter\">\r\n\t\t\t<div class=\"left\">\r\n\t\t\t\t\t\t\t\t\t<span class=\"glossary-search-label\"><\/span>\r\n\t\t\t\t\t<div class=\"glossary-search-wrapper\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t<input value=\"\"\r\n\t\t\t\t\t\t       placeholder=\"\"\r\n\t\t\t\t\t\t       class=\"glossary-search-term \" name=\"glossary-search-term\"\r\n\t\t\t\t\t\t       id=\"glossary-search-term\"\r\n                               aria-label=\"\"\/>\r\n\t\t\t\t\t\t<button type=\"submit\" id=\"glossary-search\"\r\n\t\t\t\t\t\t        class=\"glossary-search button\"><\/button>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<a class=\"glossary-search-clear\" title=\"Clear the input\"\r\n\t\t\t\t\t   href=\"\">\r\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\r\n\t\t<input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"disable_listnav\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"exact_search\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"cmtt-attribute-field\" name=\"show_search\"\r\n\t\t       value=\"1\"\/>\r\n\t\t<input type=\"hidden\" class=\"glossary-hide-terms\" name=\"glossary-hide-terms\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"glossary-hide-categories\" name=\"glossary-hide-categories\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"glossary-hide-abbrevs\" name=\"glossary-hide-abbrevs\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"glossary-hide-synonyms\" name=\"glossary-hide-synonyms\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" class=\"glossary-perpage\" name=\"glossary-perpage\"\r\n\t\t       value=\"0\"\/>\r\n\t\t<input type=\"hidden\" name=\"tooltip_language\"\r\n\t\t       value=\"\"\/>\r\n\t\t<input type=\"hidden\" name=\"language_dropdown\"\r\n\t\t       value=\"\"\/>\r\n\t\t<input type=\"hidden\" name=\"languages_for_table\"\r\n\t\t       value=\"\"\/>\r\n\t\t<div id=\"glossaryList-nav\" class=\"listNav medium\" role=\"tablist\"><\/div><ul class=\"glossaryList\" role=\"tablist\" id=\"glossaryList\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTermSet\"><li class=\"cmtg-term-definition_header\">\r\n                            <div class=\"glossary_itemtitle\">Term<\/div>\r\n                            <div class=\"glossary_itemdesc\">Definition<\/div>\r\n                        <\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/abc-analysis\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ABC Analysis&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ABC analysis is a tool for analytically weighting objects based on selected parameters. The objects are divided into classes A, B and C, providing information about the current situation within a company. Typically, this business management method summarises objects using two-dimensional value pairs &ndash; e.g. size and value. This allows an overview of a company&amp;#039;s most important products or the relevant projects in project management to be created.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ABC Analysis<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nABC analysis is a tool for analytically weighting objects based on selected parameters. The objects are divided into classes A, B and C, providing information about the current situation within a company. Typically, this business management method summarises objects using two-dimensional(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/adr\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ADR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation ADR stands for &lsquo;Average Daily Rate&rsquo; and describes a business indicator used to assess the average room rate of a business. The ADR is calculated purely on the basis of the room price, which means that no other costs such as breakfast etc. are included.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of the ADR:&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ADR = accommodation revenue \/ number of overnight stays sold&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung ADR steht f&uuml;r den englischen Ausdruck &amp;quot;Average Daily Rate&rdquo; und beschreibt eine betriebswirtschaftliche Kennzahl, um die durchschnittliche Zimmer Rate eines Betriebs zu beurteilen. Die ADR wird rein auf den Zimmerpreis berechnet, was bedeutet, dass keine sonstigen Kosten wie Fr&uuml;hst&uuml;ck etc. darin ber&uuml;cksichtigt sind.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung der ADR:&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ADR = Logisumsatz \/ Anzahl der verkauften &Uuml;bernachtungen&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ADR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation ADR stands for \u2018Average Daily Rate\u2019 and describes a business indicator used to assess the average room rate of a business. The ADR is calculated purely on the basis of the room price, which means that no other costs such as breakfast etc. are included.\n\n\n\nCalculation of the(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/advance-purchase\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Advance Purchase&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In revenue management, so-called advance purchase rates are often set up. These usually refer to special offers that provide guests with a lower rate on the condition that they pay in advance during the booking process and cannot cancel their stay free of charge.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Im Revenue Management werden h&auml;ufig so genannte &amp;lt;strong&amp;gt;Advance Purchase&amp;lt;\/strong&amp;gt; Raten eingerichtet. Diese bezeichnen in der Regel spezielle Angebote, welche dem Gast eine g&uuml;nstigere Rate anbieten unter der Voraussetzung, dass dieser schon im Buchungsprozess f&uuml;r seinen Aufenthalt in Vorkasse gehen muss und seinen Aufenthalt nicht mehr kostenfrei stornieren kann.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Advance Purchase<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn revenue management, so-called advance purchase rates are often set up. These usually refer to special offers that provide guests with a lower rate on the condition that they pay in advance during the booking process and cannot cancel their stay free of charge.\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/afa\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;AfA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Depreciation for wear and tear (AfA) or amortization is a term used in tax law. Depreciation relates to the acquisition and production costs of depreciable fixed assets spread over the normal useful life of the asset. This ensures that acquisition goods exceeding a certain value are not immediately deducted in full as operating expenses.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Absetzung f&uuml;r Abnutzung (AfA) oder Abschreibung ist ein Begriff aus dem Steuerrecht. Die AfA bezieht sich auf die Anschaffungs- und Herstellungskosten von abnutzbarem Anlageverm&ouml;gen &uuml;ber die betriebsgew&ouml;hnliche Nutzungsdauer auf die Jahre verteilt. Dadurch wird erreicht, dass Anschaffungsg&uuml;ter, die einen bestimmten Wert &uuml;berschreiten, nicht sofort in vollem Umfang als Betriebsausgabe abgezogen werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">AfA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nDepreciation for wear and tear (AfA) or amortization is a term used in tax law. Depreciation relates to the acquisition and production costs of depreciable fixed assets spread over the normal useful life of the asset. This ensures that acquisition goods exceeding a certain value are not(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ag\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;A&amp;#038;G&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;In the hotel industry, the term A&amp;amp;G (Administration &amp;amp; General) is used in connection with management and administrative tasks.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">A&G<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn the hotel industry, the term A&G (Administration & General) is used in connection with management and administrative tasks.\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/agop\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;AGOP&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Adjusted gross operating profit is a measure that represents a company&amp;#039;s adjusted operating profit after taking into account management and franchise fees.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Das Adjusted Gross Operating Profit (= bereinigte Bruttobetriebsgewinn) ist eine Kennzahl, die das angepasste operative Ergebnis eines Unternehmens nach Ber&uuml;cksichtigung von Management- und Franchise-Geb&uuml;hren darstellt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">AGOP<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAdjusted gross operating profit is a measure that represents a company's adjusted operating profit after taking into account management and franchise fees.\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/all-inclusive\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;All-inclusive&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;All-inclusive is a type of accommodation in a hotel or similar accommodation, which includes at least three meals per day, including all amenities such as drinks, activities, etc. Meals are provided for the entire duration of the trip.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">All-inclusive<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAll-inclusive is a type of accommodation in a hotel or similar accommodation, which includes at least three meals per day, including all amenities such as drinks, activities, etc. Meals are provided for the entire duration of the trip.\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/allotment\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Allotment&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Allotment is a contingent or contract between a hotelier and a contractual partner, such as travel agencies, tour operators (OTA`s). A hotelier agrees to make a certain number of rooms available at an agreed price over a fixed period of time. The contract partner resells his room contingent to customers at a higher price. This reduces the risk of unsold rooms for the hotelier.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter Allotment versteht man ein Kontingent bzw. Vertrag zwischen einem Hotelier und einem Vertragspartner, wie zum Beispiel Reiseb&uuml;ros, Reiseveranstalter (OTA`s). Dabei verpflichtet sich ein Hotelier, eine bestimmte Anzahl von Zimmern zu einem vereinbarten Preis &uuml;ber einen festgesetzten Zeitraum zur Verf&uuml;gung zu stellen. Der Vertragspartner verkauft sein Zimmerkontingent zu einem h&ouml;heren Preis an Kunden weiter. Dadurch wird das Risiko unverkaufter Zimmer f&uuml;r den Hotelier vermindert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Allotment<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAllotment is a contingent or contract between a hotelier and a contractual partner, such as travel agencies, tour operators (OTA`s). A hotelier agrees to make a certain number of rooms available at an agreed price over a fixed period of time. The contract partner resells his room contingent(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/alos\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ALOS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The key figure ALOS stands for Average Length of Stay and expresses the average length of stay of guests at the hotel.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Kennzahl ALOS steht f&uuml;r Average Length of Stay und dr&uuml;ckt die durchschnittliche Aufenthaltsdauer der G&auml;ste im Hotel aus.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ALOS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe key figure ALOS stands for Average Length of Stay and expresses the average length of stay of guests at the hotel.\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/alternative-investment\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Alternative Investment&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Alternative investments refer to forms of investment that fall outside traditional asset classes such as equities, bonds and cash. These include, among others: private equity (investments in unlisted companies), hedge funds (active investment strategies involving derivatives, short selling, etc.), real estate (direct investments or via funds), commodities (e.g. gold, oil, agricultural commodities), infrastructure projects (e.g. renewable energies, transport networks) or collectibles (art, wine, classic cars). Alternative investments are often considered less liquid and riskier, but offer the potential for higher returns and portfolio diversification. They are frequently used by institutional investors such as pension funds or high net worth individuals.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Alternative Investments bezeichnen Anlageformen, die au&szlig;erhalb der traditionellen Anlageklassen wie Aktien, Anleihen und Bargeld liegen. Dazu geh&ouml;ren unter anderem: Private Equity (Beteiligungen an nicht b&ouml;rsennotierten Unternehmen), Hedgefonds (aktive Investmentstrategien mit Derivaten, Leerverk&auml;ufen etc.), Immobilien (Direktinvestitionen oder &uuml;ber Fonds), Rohstoffe (z. B. Gold, &Ouml;l, Agrarrohstoffe), Infrastrukturprojekte (z. B. erneuerbare Energien, Verkehrsnetze) oder Sammlerst&uuml;cke (Kunst, Wein, Oldtimer). Alternative Investments gelten oft als weniger liquide und risikoreicher, bieten aber das Potenzial f&uuml;r h&ouml;here Renditen und Diversifikation im Portfolio. Sie werden h&auml;ufig von institutionellen Investoren wie Pensionsfonds oder verm&ouml;genden Privatpersonen genutzt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Alternative Investment<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAlternative investments refer to forms of investment that fall outside traditional asset classes such as equities, bonds and cash. These include, among others: private equity (investments in unlisted companies), hedge funds (active investment strategies involving derivatives, short selling,(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ari\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ARI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The Average Rate Index (ARI) is a key figure used to calculate the average rate performance of a hotel and serves as a benchmark value. It compares the ADR achieved by a defined set of competitors (CompSet) with the ADR achieved by the hotel itself.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of the ARI:&amp;lt;br&amp;gt;ARI = (ADR of the hotel \/ ADR of the CompSet) * 100&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ARI &amp;gt; 100: The hotel is performing appropriately compared to the comparison group.&amp;lt;br&amp;gt;ARI &amp;lt; 100: The hotel has a lower ADR performance within the market under consideration than the comparison group.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Average Rate Index (&amp;lt;strong&amp;gt;ARI&amp;lt;\/strong&amp;gt;) bezeichnet eine Kennzahl zur Berechnung der erzielten Durchschnittsraten-Leistung eines Hotels und fungiert als Benchmark-Wert. Dabei wird die erzielte ADR eines festgelegten Mitbewerber-Sets (CompSet) ins Verh&auml;ltnis gesetzt zur erzielten ADR des eigenen Hotels.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung des ARIs:&amp;lt;br&amp;gt;&amp;lt;strong&amp;gt;ARI = (ADR des Hotels \/ ADR des CompSets) * 100&amp;lt;\/strong&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ARI &amp;gt; 100: Das Hotel performt gegen&uuml;ber der Vergleichsgruppe angemessen. &amp;lt;br&amp;gt;ARI &amp;lt; 100: Das Hotel hat eine geringere ADR-Leistung innerhalb des betrachteten Markts als die Vergleichsgruppe.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ARI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Average Rate Index (ARI) is a key figure used to calculate the average rate performance of a hotel and serves as a benchmark value. It compares the ADR achieved by a defined set of competitors (CompSet) with the ADR achieved by the hotel itself.\n\n\n\nCalculation of the ARI:ARI = (ADR of the(...)<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/arr\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ARR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term ARR stands for &lsquo;average room rate&rsquo; and describes the average rate paid by hotel guests per room sold.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of ARR:&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ARR = accommodation revenue \/ number of overnight stays sold&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Bezeichnung ARR steht f&uuml;r den englischen Ausdruck &amp;quot;Average Room Rate&amp;quot; und beschreibt die durchschnittliche Zimmerrate. Die ARR ist ein Indikator f&uuml;r die von Hotelg&auml;sten durchschnittlich gezahlte Rate pro verkauftem Zimmer. &amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung der ARR:&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ARR = Logisumsatz \/ Anzahl der verkauften &Uuml;bernachtungen&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ARR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term ARR stands for \u2018average room rate\u2019 and describes the average rate paid by hotel guests per room sold.\n\n\n\nCalculation of ARR:\n\n\n\nARR = accommodation revenue \/ number of overnight stays sold\n<\/dfn><\/li><li class=\" ln-0\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/asset-classes\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Asset Classes&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;From a macroeconomic perspective, the term &lsquo;asset classes&rsquo; refers to a subdivision of asset segments in the financial market, such as securities, equities, funds, commodities or real estate. Within the real estate industry, individual segments are also differentiated according to parameters such as use, location, construction and\/or quality. Thus, residential and commercial properties with different types of use are generally distinguished.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Asset Classes<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFrom a macroeconomic perspective, the term \u2018asset classes\u2019 refers to a subdivision of asset segments in the financial market, such as securities, equities, funds, commodities or real estate. Within the real estate industry, individual segments are also differentiated according to parameters(...)<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/b2b\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;B2B&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation B2B (Business to Business) denotes relationships or business from company to company. Private hotel guests are not included in this category.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung B2B (Business to Business) bezeichnet Beziehungen bzw. Gesch&auml;fte von Unternehmen zu Unternehmen. Private Hotelg&auml;ste werden zu diesen Bereich nicht dazugez&auml;hlt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">B2B<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation B2B (Business to Business) denotes relationships or business from company to company. Private hotel guests are not included in this category.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/b2c\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;B2C&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;B2C (Business to Customer) describes the relationship between companies and customers.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;B2C (Business to Customer) beschreibt das Verh&auml;ltnis zwischen Unternehmen und Kunden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">B2C<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nB2C (Business to Customer) describes the relationship between companies and customers.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/bar\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;BAR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The BAR (= best available rate) is the best possible room rate available at the time of booking and can change dynamically depending on demand. It is a very flexible rate.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die BAR (= best available rate) ist die bestm&ouml;gliche Zimmerrate, die zum Zeitpunkt der Buchung verf&uuml;gbar ist und sich je nach Nachfrage dynamisch &auml;ndern kann. Es handelt sich um eine sehr flexible Rate.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">BAR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe BAR (= best available rate) is the best possible room rate available at the time of booking and can change dynamically depending on demand. It is a very flexible rate.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/base-fee\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Base Fee&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The base fee is a fee paid to the operator under the management contract. It is generally a contractually agreed percentage of gross turnover.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Base Fee ist eine Geb&uuml;hr, die im Rahmen des Managementvertrags an den Betreiber gezahlt wird. Grunds&auml;tzlich ist dies ein vertraglich geregelter Prozentsatz des Bruttoumsatzes.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Base Fee<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe base fee is a fee paid to the operator under the management contract. It is generally a contractually agreed percentage of gross turnover.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/basis-points-bp\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Basis Points (BP)&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Basis points (BPs) are a common unit of measurement used to indicate changes in interest rates or yields in financial markets. One basis point corresponds to 0.01% or 1\/100 of a percentage point. The CREEM Path helps investors, developers and operators to systematically structure and holistically evaluate hotel projects. With the growing relevance of ESG criteria, the CREEM Path is now understood not only as an economic tool, but also as a sustainable management tool.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Basis Points (BP)<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nBasis points (BPs) are a common unit of measurement used to indicate changes in interest rates or yields in financial markets. One basis point corresponds to 0.01% or 1\/100 of a percentage point. The CREEM Path helps investors, developers and operators to systematically structure and(...)<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/bb\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;B&amp;amp;B&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A bed and breakfast hotel is a type of hotel that primarily offers accommodation and breakfast, sometimes supplemented by drinks and light meals, but without the classic restaurant service of a full-service hotel. The term bed and breakfast comes from French and means &lsquo;equipped hostel&rsquo;.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">B&amp;B<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA bed and breakfast hotel is a type of hotel that primarily offers accommodation and breakfast, sometimes supplemented by drinks and light meals, but without the classic restaurant service of a full-service hotel. The term bed and breakfast comes from French and means \u2018equipped hostel\u2019.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/benchmark\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Benchmark&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &lsquo;benchmark&rsquo; is used for competitive analysis and the continuous comparison of hotel products by comparing key figures in order to systematically close the performance gap between one&amp;#039;s own offering and that of the competition.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der englische Begriff &amp;quot;Benchmark&amp;quot; dient der Wettbewerbsanalyse und dem kontinuierlichen Vergleich von Hotelprodukten unter Gegen&uuml;berstellung von Kennzahlen, um die Leistungsl&uuml;cke des eigenen Angebots dem Mitbewerb gegen&uuml;ber systematisch zu schlie&szlig;en.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Benchmark<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u2018benchmark\u2019 is used for competitive analysis and the continuous comparison of hotel products by comparing key figures in order to systematically close the performance gap between one's own offering and that of the competition.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/bob\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;BOB&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;BOB (= Business on Books) or &amp;quot;On the Books&amp;quot; is a key figure that describes the current booking status in the PMS system (Property Management System) and is used, among other things, for forecasts.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;BOB (= Business on Books) oder &amp;quot;On the Books&amp;quot; ist eine Kennzahl, die den aktuellen Buchungsstand im PMS-System (Property Management System) beschreibt und unter anderem f&uuml;r Forecasts verwendet wird.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">BOB<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nBOB (= Business on Books) or \"On the Books\" is a key figure that describes the current booking status in the PMS system (Property Management System) and is used, among other things, for forecasts.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/boh\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;BoH&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation BoH stands for &lsquo;Back of the House&rsquo; and describes those areas that are not accessible to hotel guests but are only used by hotel staff, such as the kitchen, storage rooms, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung BoH steht f&uuml;r den englischen Ausdruck &amp;quot;Back of the House&amp;quot; und beschreibt jene Bereiche, die f&uuml;r Hotelg&auml;ste nicht &ouml;ffentlich zug&auml;nglich sind, sondern nur von Mitarbeitern des Hotels genutzt werden, wie die K&uuml;che, Lagerr&auml;ume etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">BoH<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation BoH stands for \u2018Back of the House\u2019 and describes those areas that are not accessible to hotel guests but are only used by hotel staff, such as the kitchen, storage rooms, etc.\n<\/dfn><\/li><li class=\" ln-1\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/bottom-line\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Bottom line&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The &amp;quot;bottom line&amp;quot; in the hotel industry refers to the net profit of a hotel after deducting all expenses and costs. It represents the actual profit that the hotel makes after all operating costs, interest, taxes, depreciation, etc. have been taken into account.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die &amp;quot;Bottom Line&amp;quot; in der Hotellerie bezieht sich auf den Nettogewinn eines Hotels nach Abzug aller Ausgaben und Kosten. Sie repr&auml;sentiert den tats&auml;chlichen Profit, den das Hotel erzielt, nachdem alle operativen Kosten, Zinsen, Steuern, Abschreibungen, etc. ber&uuml;cksichtigt wurden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Bottom line<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe \"bottom line\" in the hotel industry refers to the net profit of a hotel after deducting all expenses and costs. It represents the actual profit that the hotel makes after all operating costs, interest, taxes, depreciation, etc. have been taken into account.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cagr\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CAGR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation CAGR stands for &lsquo;compound annual growth rate&rsquo; and describes the annual growth rate of a key figure in the observation period, which is usually fixed. CAGR is mostly used in market analyses and investment calculations.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung CAGR steht f&uuml;r den englischen Ausdruck &amp;quot;compound anual growth rate&amp;quot; und beschreibt die j&auml;hrliche Wachstumsrate einer Kennzahl im Beobachtungszeitraum, welcher meist festgelegt ist. Angewandt wird der CAGR meist bei Marktanalysen und Investitionsrechnungen. &amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CAGR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation CAGR stands for \u2018compound annual growth rate\u2019 and describes the annual growth rate of a key figure in the observation period, which is usually fixed. CAGR is mostly used in market analyses and investment calculations.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cap-rate\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cap-Rate&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The cap rate or capitalization rate describes the ratio of net income to the current market price (= value) of a property. The cap rate is often used by investors to evaluate the return on an investment in a hotel.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Cap Rate oder Capitalization Rate beschreibt das Verh&auml;ltnis von den Netto-Einnahmen zum aktuellen Marktpeis (= Wert) einer Immobilie. Die Cap Rate wird oft von Investoren verwendet, um die Rendite einer Investition in ein Hotel zu bewerten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Cap-Rate<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe cap rate or capitalization rate describes the ratio of net income to the current market price (= value) of a property. The cap rate is often used by investors to evaluate the return on an investment in a hotel.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/capex\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CapEx&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;CapEx (= Capital Expenditure), an important internal indicator, expresses a company&amp;#039;s capital expenditure on long-term assets such as real estate, machinery, buildings, equipment or IT systems. Capital expenditures also increase the asset side of the balance sheet and can be used to assess asset intensity more accurately (= fixed assets compared to total assets).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;CapEx (= Capital Expenditure), eine wichtige interne Kennzahl, dr&uuml;ckt die Investitionsausgaben eines Unternehmens in langfristige Anlageg&uuml;ter wie zum Beispiel Immobilien, Maschinen, Geb&auml;ude, Ausr&uuml;stung oder IT-Systeme aus. Capital Expenditures erh&ouml;hen zudem die Aktiva-Seite der Bilanz, weiters kann anhand dessen die Anlagenintensit&auml;t (= Anlageverm&ouml;gen im Vergleich zum Gesamtverm&ouml;gen) genauer eingesch&auml;tzt werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CapEx<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCapEx (= Capital Expenditure), an important internal indicator, expresses a company's capital expenditure on long-term assets such as real estate, machinery, buildings, equipment or IT systems. Capital expenditures also increase the asset side of the balance sheet and can be used to assess(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/capitalised-earnings-value\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Capitalised Earnings Value&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The capitalised earnings value is a concept that represents the value of an investment at a future point in time. It enables investors to estimate how profitable an investment is and what risk is associated with it.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Capitalised Earnings Value<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe capitalised earnings value is a concept that represents the value of an investment at a future point in time. It enables investors to estimate how profitable an investment is and what risk is associated with it.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cash-flow\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cash Flow&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Cash flow is a relevant economic indicator for assessing the financial strength of a hotel. It shows the cash flow generated within a selected period as the difference between inflows and outflows within the company.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of cash flow:&amp;lt;br&amp;gt;Net income or net loss for the year&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:list --&amp;gt;\n&amp;lt;ul class=&amp;quot;wp-block-list&amp;quot;&amp;gt;&amp;lt;!-- wp:list-item --&amp;gt;\n&amp;lt;li&amp;gt;Depreciation&amp;lt;br&amp;gt;&ndash; Write-ups (in favour of the result)&amp;lt;\/li&amp;gt;\n&amp;lt;!-- \/wp:list-item --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:list-item --&amp;gt;\n&amp;lt;li&amp;gt;Increase in long-term provisions&amp;lt;br&amp;gt;= Cash flow&amp;lt;\/li&amp;gt;\n&amp;lt;!-- \/wp:list-item --&amp;gt;&amp;lt;\/ul&amp;gt;\n&amp;lt;!-- \/wp:list --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der &amp;lt;strong&amp;gt;Cash Flow&amp;lt;\/strong&amp;gt; stellt eine relevante wirtschaftliche Kennzahl zur Beurteilung der Finanzkraft eines Hotels dar. Angegeben wird der erzielte Geldfluss innerhalb einer gew&auml;hlten Periode als Differenz aus Zufl&uuml;ssen und Abg&auml;ngen innerhalb des Unternehmens.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung des Cash Flows:&amp;lt;br&amp;gt;Jahres&uuml;berschuss bzw. Jahresfehlbetrag&amp;lt;br&amp;gt;+ Abschreibungen&amp;lt;br&amp;gt;- Zuschreibungen (zugunsten des Ergebnisses)&amp;lt;br&amp;gt;+ Erh&ouml;hung von langfristigen R&uuml;ckstellungen&amp;lt;br&amp;gt;=&amp;lt;strong&amp;gt; Cash Flow&amp;lt;\/strong&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Cash Flow<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCash flow is a relevant economic indicator for assessing the financial strength of a hotel. It shows the cash flow generated within a selected period as the difference between inflows and outflows within the company.\n\n\n\nCalculation of cash flow:Net income or net loss for the(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/city-tax\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;City Tax&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The visitor&amp;#039;s tax, also known as the local tax or city tax, is a tourism levy that is used to preserve the environment or to invest in facilities and events that benefit tourists.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">City Tax<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe visitor's tax, also known as the local tax or city tax, is a tourism levy that is used to preserve the environment or to invest in facilities and events that benefit tourists.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cms\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CMS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A Channel Management System (CMS) is software that helps hotels manage room rates and availability automatically and centrally on various online booking portals (e.g. Booking.com, Expedia). This prevents overbookings and significantly reduces administrative costs.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Channel Management System (CMS) ist eine Software, die Hotels dabei unterst&uuml;tzt, Zimmerpreise und Verf&uuml;gbarkeiten automatisch und zentral auf verschiedenen Online-Buchungsportalen (z.\u202fB. Booking.com, Expedia) zu verwalten. So werden &Uuml;berbuchungen vermieden und der Verwaltungsaufwand deutlich reduziert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CMS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA Channel Management System (CMS) is software that helps hotels manage room rates and availability automatically and centrally on various online booking portals (e.g. Booking.com, Expedia). This prevents overbookings and significantly reduces administrative costs.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/co-living\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Co-Living&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Co-living concepts describe hotel-like facilities where guests stay in hotel rooms but can also use so-called community spaces. These include shared kitchens, offices, recreation rooms and event areas.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Co-Linving Konzepte beschreiben hotel&auml;hnliche Einrichtungen, in denen G&auml;ste in Hotelzimmern wohnen, dar&uuml;ber hinaus jedoch sogenannte Community-Spaces nutzen k&ouml;nnen. Dazu geh&ouml;ren unter anderem gemeinsame K&uuml;chen, B&uuml;ros, Freizeitr&auml;ume und Eventfl&auml;chen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Co-Living<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCo-living concepts describe hotel-like facilities where guests stay in hotel rooms but can also use so-called community spaces. These include shared kitchens, offices, recreation rooms and event areas.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/co2-fussabdruck\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CO2 Footprint&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The term &acute;carbon footprint&acute; refers to the total greenhouse gas emissions measured in CO2 equivalents for a specific entity such as a company, the life cycle or part of the life cycle of a product or service. Reducing the carbon footprint can be achieved through measures such as the use of renewable energy and efficient use of resources.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CO2 Footprint<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u00b4carbon footprint\u00b4 refers to the total greenhouse gas emissions measured in CO2 equivalents for a specific entity such as a company, the life cycle or part of the life cycle of a product or service. Reducing the carbon footprint can be achieved through measures such as the use of(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/co2-kompensation\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CO2 Offsetting&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Carbon offsetting is a mechanism whereby a company or individual offsets by purchasing carbon credits or financing projects that reduce or avoid CO2 emissions. This process is part of carbon neutrality and carbon footprint reduction strategies. It is intended to help reduce the net CO2 emissions of a company or individual to zero and thus make a positive contribution to climate protection.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CO2 Offsetting<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCarbon offsetting is a mechanism whereby a company or individual offsets by purchasing carbon credits or financing projects that reduce or avoid CO2 emissions. This process is part of carbon neutrality and carbon footprint reduction strategies. It is intended to help reduce the net CO2(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/competitive-intensity\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Competitive Intensity&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A competitive intensity is the strength of competition in a certain predefined hotel market. The higher the intensity, the stronger the competitive pressure due to competitors.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Competitive intensity refers to the strength of competition in a specific, predefined hotel market. The higher the intensity, the stronger the competitive pressure from competitors.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Competitive Intensity<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA competitive intensity is the strength of competition in a certain predefined hotel market. The higher the intensity, the stronger the competitive pressure due to competitors.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/competitive-intensity-2\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Competitive Intensity&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Competitive intensity refers to the strength of competition in a specific, predefined hotel market. The higher the intensity, the stronger the competitive pressure from competitors.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A competitive intensity is the strength of competition in a certain predefined hotel market. The higher the intensity, the stronger the competitive pressure due to competitors.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Competitive Intensity<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCompetitive intensity refers to the strength of competition in a specific, predefined hotel market. The higher the intensity, the stronger the competitive pressure from competitors.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/compset\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CompSet&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A CompSet refers to a predefined number of competitors in the hotel industry that have a comparable star rating and appeal to a similar target group. CompSets are based on a self-selected basis for comparison and use this to provide information about a company&amp;#039;s own market share compared to the competition.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Als CompSet bezeichnet man eine vordefinierte Anzahl an Mitbewerben in der Hotelindustrie, die zum Einen ein vergleichbares Sterne-Rating aufweisen und zum Anderen eine &auml;hnliche Zielgruppe ansprechen. CompSets sind ausgerichtet an einer selbst gew&auml;hlten Vergleichsbasis und liefern anhand dieser eine Auskunft &uuml;ber den eigenen Marktanteil gegen&uuml;ber dem Wettbewerb.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CompSet<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA CompSet refers to a predefined number of competitors in the hotel industry that have a comparable star rating and appeal to a similar target group. CompSets are based on a self-selected basis for comparison and use this to provide information about a company's own market share compared to(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/conversion-rate\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Conversion Rate&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The conversion rate (CRV) is an important metric in online marketing. It indicates the ratio of website visitors to actual actions taken, such as hotel bookings. A low conversion rate can have various causes, e.g. a confusing booking process, an unfavourable price-performance ratio, disagreement with the terms and conditions, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die &amp;lt;strong&amp;gt;Conversion Rate&amp;lt;\/strong&amp;gt; (&amp;lt;strong&amp;gt;CRV&amp;lt;\/strong&amp;gt;) stellt eine wichtige Kennzahl im Online Marketing dar. Sie gibt das Verh&auml;ltnis von Websitebesuchern zu real ausge&uuml;bten Handlungen an &ndash; z. B. Hotelbuchungen. Eine niedrige Conversion Rate kann verschiedene Ursachen haben, z. B. einen un&uuml;bersichtlichen Buchungsprozess, ein abgelehntes Preis-Leistungs-Verh&auml;ltnis, keine Zustimmung zu den Vertragsbedingungen,&hellip;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung der CRV: &amp;lt;br&amp;gt;&amp;lt;strong&amp;gt;CRV = (Conversion * 100) \/ Websitebesucher&amp;lt;\/strong&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Conversion Rate<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe conversion rate (CRV) is an important metric in online marketing. It indicates the ratio of website visitors to actual actions taken, such as hotel bookings. A low conversion rate can have various causes, e.g. a confusing booking process, an unfavourable price-performance ratio,(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/core\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Core&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The &lsquo;core&rsquo; risk class in real estate valuation refers to an investment with the relatively lowest probability of default for investors. Properties in the &lsquo;core&rsquo; category primarily include office, hotel or retail properties, which are characterised by their prime location and long-term leases. The property is of high quality and therefore very attractive to investors and tenants\/leaseholders.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Risikoklasse &amp;quot;&amp;lt;strong&amp;gt;Core&amp;lt;\/strong&amp;gt;&amp;quot; in der Immobilienbewertung bezeichnet ein Investment mit der verh&auml;ltnism&auml;&szlig;ig geringsten Ausfallwahrscheinlichkeit f&uuml;r Anleger. Objekte der Kategorie &amp;quot;Core&amp;quot; beinhalten prim&auml;r B&uuml;ro-, Hotel- oder Handelsimmobilien, welche sich durch ihre erstklassige Lage und ihre langfristige Vermietung auszeichnen. Die Objektqualit&auml;t der Liegenschaft ist hoch und aus diesem Grund auf Investoren- und Mieter-\/P&auml;chterseite sehr attraktiv.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Core<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe \u2018core\u2019 risk class in real estate valuation refers to an investment with the relatively lowest probability of default for investors. Properties in the \u2018core\u2019 category primarily include office, hotel or retail properties, which are characterised by their prime location and long-term leases.(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/core-plus\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Core Plus&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The risk class &lsquo;core&rsquo; in property valuation refers to an investment with moderate risk and relatively low expected returns. Most aspects of a core property also apply to core plus properties, which are located in 1B locations, have higher vacancy rates and usually have slightly shorter-term leases.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Risikoklasse &amp;quot;Core&amp;quot; in der Immobilienbewertung bezeichnet ein Investment mit einem moderaten Risiko bei gleichzeitig relativ geringer Rendite-Erwartung. Die meisten Aspekte einer Core-Immobilie treffen auch auf die Core-Plus-Immobilie zu, diese befinden sich in 1B-Lagen, es gibt h&ouml;here Leerstandsquoten und Mietvertr&auml;ge sind in der Regel etwas weniger langfristig.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Core Plus<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe risk class \u2018core\u2019 in property valuation refers to an investment with moderate risk and relatively low expected returns. Most aspects of a core property also apply to core plus properties, which are located in 1B locations, have higher vacancy rates and usually have slightly shorter-term(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/corporate-rate\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Corporate Rate&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The corporate rate is a specific rate for corporate customers. The rate is predefined in a corresponding corporate contract and applies to the corresponding hotel or hotel chain and its partners.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Corporate Rate<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe corporate rate is a specific rate for corporate customers. The rate is predefined in a corresponding corporate contract and applies to the corresponding hotel or hotel chain and its partners.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cos\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;COS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;COS (= Cost of Sale) summarizes all costs incurred in a hotel business for a booking. The costs can arise, for example, from GDS-distribution fees (= a global distribution system), commissions, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter COS (= Cost of Sale) werden alle Kosten zusammengefasst, die in einem Hotelbetrieb f&uuml;r eine Buchung anfallen. Die Kosten k&ouml;nnen zum Beispiel durch GDS-Vertriebsgeb&uuml;hren (= ein Global Distribution System), Kommissionen, Provisionen, etc. entstehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">COS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCOS (= Cost of Sale) summarizes all costs incurred in a hotel business for a booking. The costs can arise, for example, from GDS-distribution fees (= a global distribution system), commissions, etc.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cost-per-acquisition\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cost per Acquisition&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;CPA (= cost per acquisition) refers to the average costs incurred to acquire a new customer. CPA helps marketing teams better assess, understand, and draw conclusions about the effectiveness of their spend.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter CPA (= Cost per Acquisition) versteht man die durchschnittlichen Kosten, die aufgewendet werden, um einen neuen Kunden zu gewinnen. Mit Hilfe von CPA k&ouml;nnen Marketingteams die Wirksamkeit ihrer Ausgaben besser einsch&auml;tzen und verstehen bzw. Schl&uuml;sse daraus ziehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Cost per Acquisition<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCPA (= cost per acquisition) refers to the average costs incurred to acquire a new customer. CPA helps marketing teams better assess, understand, and draw conclusions about the effectiveness of their spend.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cpi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CPI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The CPI (= consumer price index) reflects the current changes in prices in the hotel industry. Thus, it serves as an indicator to measure the price changes for accommodation and restaurant services in a specific region or country.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CPI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe CPI (= consumer price index) reflects the current changes in prices in the hotel industry. Thus, it serves as an indicator to measure the price changes for accommodation and restaurant services in a specific region or country.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/creem-path\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Creem Path&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The CREEM path is an assessment model for reducing CO\u2082 emissions from real estate in line with the Paris climate targets. It shows how much CO\u2082 a building is allowed to emit per year &ndash; and thus also defines the point at which an asset becomes a &lsquo;stranded asset&rsquo;. In the hotel real estate sector in particular, the CREEM Path serves as an ESG-oriented management tool for sustainable planning, development and use.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Creem Path<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe CREEM path is an assessment model for reducing CO\u2082 emissions from real estate in line with the Paris climate targets. It shows how much CO\u2082 a building is allowed to emit per year \u2013 and thus also defines the point at which an asset becomes a \u2018stranded asset\u2019. In the hotel real estate(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/crm\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CRM&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation CRM stands for &lsquo;customer relationship management&rsquo; and refers to targeted customer relationship management, which helps companies stay connected with their customers and optimise processes in the long term.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung CRM steht f&uuml;r den englischen Ausdruck &amp;quot;Customer Relationship Management&amp;quot; und bezeichnet das gezielte Kundenbeziehungsmanagement, welches dem Unternehmen dabei hilft, mit Ihren Kunden in Verbindung zu bleiben sowie Prozesse langfristig zu optimieren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CRM<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation CRM stands for \u2018customer relationship management\u2019 and refers to targeted customer relationship management, which helps companies stay connected with their customers and optimise processes in the long term.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cro\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CRO&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;CRO (= Central Reservation Office) is a reservation center. The central office is operated mainly by international hotel chains, furthermore, from this central contact point, all reservations are coordinated and bundled.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter CRO (= Central Reservation Office) versteht man eine Reservierungszentrale. Die Zentrale wird vor allem von internationalen Hotelketten betrieben, weiters werden von dieser zentralen Anlaufstelle aus, alle Reservierungen koordiniert und geb&uuml;ndelt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CRO<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCRO (= Central Reservation Office) is a reservation center. The central office is operated mainly by international hotel chains, furthermore, from this central contact point, all reservations are coordinated and bundled.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cross-selling\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cross Selling&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unlike upselling, cross-selling does not involve offering the customer a higher-value product, but rather an additional item that goes beyond that.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Im Gegensatz zum Up-Selling definiert der Begriff Cross Selling nicht dem Kunden ein h&ouml;herwertiges Produkt anzubieten, sondern einen weiteren, dar&uuml;ber hinausgehenden Artikel.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Cross Selling<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nUnlike upselling, cross-selling does not involve offering the customer a higher-value product, but rather an additional item that goes beyond that.\n<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/crs\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CRS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation CRS stands for &lsquo;Central Reservation System&rsquo;, which is a hotel&amp;#039;s central reservation system. It bundles availability and prices and makes them available in real time as booking software for a wide variety of channels. It also functions as a database with an interface to the PMS system and all relevant connected sales channels.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;CRS &amp;lt;\/strong&amp;gt;steht f&uuml;r den englischen Begriff &amp;quot;Central Reservation System&amp;quot;, das zentrale Reservierungssystem eins Hotels. Dieses b&uuml;ndelt Verf&uuml;gbarkeiten und Preise und stellt diese in Echtzeit als Buchungssoftware verschiedenster Kan&auml;le zur Verf&uuml;gung. Dar&uuml;ber hinaus fungiert es als Datenbank mit Schnittstelle zum PMS-System und allen relevanten, angeschlossenen Vertriebskan&auml;len.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CRS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation CRS stands for \u2018Central Reservation System\u2019, which is a hotel's central reservation system. It bundles availability and prices and makes them available in real time as booking software for a wide variety of channels. It also functions as a database with an interface to the(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/csr\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CSR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;CSR or Corporate Social Responsibility is the independent responsibility of companies to include social and ecological aspects in their business activities on a voluntary basis and to comply with ethical standards. In the hotel industry, for example, this means taking into account environmental aspects (such as energy and water consumption), supporting local suppliers, promoting social projects, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter CSR oder Corporate Social Responsibility versteht man die eigenst&auml;ndige Verantwortung von Unternehmen, auf freiwilliger Basis soziale und &ouml;kologische Aspekte in ihre Gesch&auml;ftst&auml;tigkeit mitaufzunehmen und ethische Standards einzuhalten. In der Hotellerie bedeutet das zum Beispiel die Ber&uuml;cksichtigung von Umweltaspekten (wie dem Energie- und Wasserverbrauch), der Unterst&uuml;tzung lokaler Lieferanten, der F&ouml;rderung sozialer Projekte, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CSR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nCSR or Corporate Social Responsibility is the independent responsibility of companies to include social and ecological aspects in their business activities on a voluntary basis and to comply with ethical standards. In the hotel industry, for example, this means taking into account(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/csrd\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CSRD&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The CSRD (Corporate Sustainability Reporting Directive) is an EU directive that requires companies to produce more comprehensive and standardised reports on their sustainability practices (e.g. environmental, social, corporate governance). The aim is to create greater transparency and provide investors and other stakeholders with a better basis for decision-making. The directive applies not only to large companies, but also to medium-sized companies.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die CSRD (Corporate Sustainability Reporting Directive) ist eine EU-Richtlinie, die Unternehmen verpflichtet, umfassendere und standardisierte Berichte &uuml;ber ihre Nachhaltigkeitspraktiken (z.B. Umwelt, Soziales, Unternehmensf&uuml;hrung) zu erstellen. Ziel ist es, mehr Transparenz zu schaffen und Investoren sowie anderen Stakeholdern eine bessere Grundlage f&uuml;r Entscheidungen zu bieten. Die Richtlinie gilt nicht nur f&uuml;r gro&szlig;e, sondern auch f&uuml;r mittelgro&szlig;e Unternehmen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CSRD<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe CSRD (Corporate Sustainability Reporting Directive) is an EU directive that requires companies to produce more comprehensive and standardised reports on their sustainability practices (e.g. environmental, social, corporate governance). The aim is to create greater transparency and provide(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cta\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CTA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In hotel revenue management, &lsquo;Closed to Arrival&rsquo; (CTA) refers to a well-known restriction in the form of an availability block. On this day, no arrivals are possible at the hotel and the booking options are adjusted accordingly. Departures on this day or multi-day bookings that extend beyond the restrictive date are possible.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein &amp;quot;Closed to Arrival&amp;quot; (&amp;lt;strong&amp;gt;CTA&amp;lt;\/strong&amp;gt;) bezeichnet im Rahmen des Revenue Managements eines Hotels eine bekannte Restriktion in Form einer Verf&uuml;gbarkeitssperre. An diesem Tag ist keine Anreise im Hotel m&ouml;glich und die Buchungsoptionen sind entsprechend angepasst. M&ouml;glich sind Abreisen an diesem Tag oder mehrt&auml;tige Buchungen, die &uuml;ber das restriktive Datum hinausgehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CTA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn hotel revenue management, \u2018Closed to Arrival\u2019 (CTA) refers to a well-known restriction in the form of an availability block. On this day, no arrivals are possible at the hotel and the booking options are adjusted accordingly. Departures on this day or multi-day bookings that extend beyond(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ctd\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CTD&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein &amp;quot;Closed To Departure&amp;quot; (CTD) bezeichnet im Rahmen des Revenue Managements eines Hotels eine bekannte Restriktion in Form einer Verf&uuml;gbarkeitssperre. In Anlehnung an den&nbsp;CTA&nbsp;ist an Terminen mit dieser Restriktion keine Abreise m&ouml;glich und die Buchungsoptionen sind entsprechend angepasst. M&ouml;glich sind Anreisen an diesem Tag oder mehrt&auml;tige Buchungen, die &uuml;ber das restriktive Datum hinausgehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein &amp;quot;Closed To Departure&amp;quot; (&amp;lt;strong&amp;gt;CTD&amp;lt;\/strong&amp;gt;) bezeichnet im Rahmen des Revenue Managements eines Hotels eine bekannte Restriktion in Form einer Verf&uuml;gbarkeitssperre. In Anlehnung an den CTA ist an Terminen mit dieser Restriktion keine Abreise m&ouml;glich und die Buchungsoptionen sind entsprechend angepasst. M&ouml;glich sind Anreisen an diesem Tag oder mehrt&auml;tige Buchungen, die &uuml;ber das restriktive Datum hinausgehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CTD<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nEin \u201eClosed To Departure\u201c (CTD) bezeichnet im Rahmen des Revenue Managements eines Hotels eine bekannte Restriktion in Form einer Verf\u00fcgbarkeitssperre. In Anlehnung an den\u00a0CTA\u00a0ist an Terminen mit dieser Restriktion keine Abreise m\u00f6glich und die Buchungsoptionen sind entsprechend angepasst.(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/cvar\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;CVaR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;&acute;Carbon Value at Risk&acute; (CVaR) refers to the potential financial burden that can result for a company from taking climate risks into account. It is a metric that quantifies the loss of value due to CO2 emission risks in different scenarios, and thus assesses the risk to the company that may arise from a low-carbon transformation of the economy. Carbon Value at Risk is a concept that helps companies and investors understand and manage the financial risks associated with climate change by quantifying the impact of climate risks on a company&amp;#039;s balance sheet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;quot;Carbon Value at Risk&amp;quot; (CVaR) bezieht sich auf die potenzielle finanzielle Belastung, die sich aus der Ber&uuml;cksichtigung von Klimarisiken f&uuml;r ein Unternehmen ergeben kann. Es handelt sich dabei um eine Kennzahl, die den Wertverlust aufgrund von CO2-Emissionsrisiken in verschiedenen Szenarien quantifiziert und somit das Risiko f&uuml;r das Unternehmen bewertet, das durch eine kohlenstoffarme Transformation der Wirtschaft entstehen kann. Der Carbon Value at Risk ist ein Konzept, das Unternehmen und Investoren dabei hilft, die finanziellen Risiken im Zusammenhang mit dem Klimawandel zu verstehen und zu managen, indem es die Auswirkungen von Klimarisiken auf die Bilanz eines Unternehmens quantifiziert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">CVaR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\n\u00b4Carbon Value at Risk\u00b4 (CVaR) refers to the potential financial burden that can result for a company from taking climate risks into account. It is a metric that quantifies the loss of value due to CO2 emission risks in different scenarios, and thus assesses the risk to the company that may(...)<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/delimitation-list\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Delimitation list&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The delimitation list serves as an interface between building services, construction and the resulting operational facilities. A delimitation list does not reflect a target performance, but serves as an indicator of which party is responsible for the initial equipment and which for maintenance.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Delimitation list<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe delimitation list serves as an interface between building services, construction and the resulting operational facilities. A delimitation list does not reflect a target performance, but serves as an indicator of which party is responsible for the initial equipment and which for maintenance.\n<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/deposit\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Deposit&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &lsquo;deposit&rsquo; refers to the advance payment required for a hotel stay. The hotel has the option of requesting a deposit when the reservation is made &ndash; a fixed percentage throughout the year or the total amount for special rates.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Begriff &amp;quot;&amp;lt;strong&amp;gt;Deposit&amp;lt;\/strong&amp;gt;&amp;quot; bezeichnet die zu hinterlegende Anzahlung f&uuml;r einen Hotelaufenthalt. Das Hotel hat die M&ouml;glichkeit, eine Anzahlung bei Reservierungsabschluss zu verlangen &ndash; einen festgelegten Anteil ganzj&auml;hrig oder bei Sonderraten die Gesamtsumme.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Deposit<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u2018deposit\u2019 refers to the advance payment required for a hotel stay. The hotel has the option of requesting a deposit when the reservation is made \u2013 a fixed percentage throughout the year or the total amount for special rates.\n<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/discounted-cash-flow-method\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Discounted Cash Flow Method&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The DCF method is used to determine the value of a company. It is based on the assumption that the value of a company depends mainly on the expected future cash flows or results from discounting the cash flows (= future cash flows are discounted to their present value).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Discounted Cash Flow Method<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe DCF method is used to determine the value of a company. It is based on the assumption that the value of a company depends mainly on the expected future cash flows or results from discounting the cash flows (= future cash flows are discounted to their present value).\n<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/displacement-analysis\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Displacement Analysis&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In revenue management, decisions must be made daily to ensure the best possible occupancy and price control for a hotel. This includes, in particular, decisions regarding the placement of groups. Incoming enquiries from groups should always be analysed to determine the total revenue generated by the group and whether this compensates for the often higher rates of individual bookings. The length of stay and arrival and departure dates play a major role in these decisions, alongside the advance booking status and forecast values. It is important to make a tactical assessment of whether it makes sense to accept or reject a group in order to achieve the best possible result. This analysis is called displacement analysis.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Im Revenue Management m&uuml;ssen t&auml;glich Entscheidungen zur bestm&ouml;glichen Auslastung und Preissteuerung eines Hotels getroffen werden. Dazu z&auml;hlen insbesondere Entscheidungen hinsichtlich der Platzierung von Gruppen. Eingehende Anfragen von Gruppen sollten stets dahingehend analysiert werden, wie hoch der Gesamtumsatz der Gruppe ist und ob dieser die oftmals h&ouml;here Rate von Individualbuchungen kompensiert. Aufenthaltsdauer, An- und Abreisetage spielen in diesen Entscheidungen neben dem Vorbuchungsstand und den Forecast-Werten eine gro&szlig;e Rolle. Es gilt taktisch abzusch&auml;tzen, ob es sinnvoll ist, eine Gruppe anzunehmen oder abzulehnen, um das bestm&ouml;gliche Ergebnis zu erzielen. Diese Untersuchung nennt sich Verdr&auml;ngungsanalyse, im Englischen &amp;quot;&amp;lt;strong&amp;gt;Displacement Analysis&amp;lt;\/strong&amp;gt;&amp;quot;.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Displacement Analysis<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn revenue management, decisions must be made daily to ensure the best possible occupancy and price control for a hotel. This includes, in particular, decisions regarding the placement of groups. Incoming enquiries from groups should always be analysed to determine the total revenue generated(...)<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/distressed-properties\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Distressed Properties&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Distressed properties are properties that are in distress due to financial difficulties. This may be due to the owner&amp;#039;s payment difficulties, insolvency, or other financial problems. Distressed properties are often offered at a reduced price because they may be in need of repair or maintenance.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Distressed Properties sind Immobilien, die sich aufgrund finanzieller Schwierigkeiten in einer Notlage befinden. Dies kann auf Zahlungsschwierigkeiten des Eigent&uuml;mers, Insolvenz oder andere finanzielle Probleme zur&uuml;ckzuf&uuml;hren sein. Distressed Properties werden oft zu einem reduzierten Preis angeboten, da sie m&ouml;glicherweise Reparatur- oder Instandhaltungsbedarf haben.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Distressed Properties<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nDistressed properties are properties that are in distress due to financial difficulties. This may be due to the owner's payment difficulties, insolvency, or other financial problems. Distressed properties are often offered at a reduced price because they may be in need of repair or maintenance.\n<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/dof\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;DOF&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation DOF stands for &lsquo;double occupancy factor&rsquo; and describes the average double occupancy of a room, i.e. how many people stay in a room at the same time.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung DOF steht f&uuml;r den englischen Ausdruck &amp;quot;Double Occupancy Factor&amp;quot; und beschreibt die durchschnittliche Doppelbelegung eines Zimmers, d.h. wie viele Personen gleichzeitig in einem Zimmer &uuml;bernachten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">DOF<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation DOF stands for \u2018double occupancy factor\u2019 and describes the average double occupancy of a room, i.e. how many people stay in a room at the same time.\n<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/due-diligence\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Due Diligence&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Due diligence in the hotel sector is an examination prior to a transaction or purchase decision of a property, which provides the buyer with information about strengths, weaknesses and risks of the hotel. It is an important tool for an informed decision before the purchase and serves as a safeguard.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Due Diligence im Hotelbereich ist eine Pr&uuml;fung vor einer Transaktion oder Kaufentscheidung eines Objekts, die dem K&auml;ufer Auskunft &uuml;ber St&auml;rken, Schw&auml;chen und Risiken des Hotels gibt. Es ist ein wichtiges Instrument f&uuml;r eine fundierte Entscheidung vor dem Kauf und dient der Absicherung.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Due Diligence<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nDue diligence in the hotel sector is an examination prior to a transaction or purchase decision of a property, which provides the buyer with information about strengths, weaknesses and risks of the hotel. It is an important tool for an informed decision before the purchase and serves as a(...)<\/dfn><\/li><li class=\" ln-3\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/dynamic-pricing\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Dynamic Pricing&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Dynamic pricing refers to a flexible pricing strategy in which hotel room prices are adjusted in real time based on supply and demand, market conditions and other factors. Important influencing factors include booking status, seasonal fluctuations, competitor prices and booking time. By using AI-supported revenue management systems, hotels can optimise their pricing, maximise occupancy and increase revenue.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Dynamic Pricing bezeichnet eine flexible Preisstrategie, bei der Hotelzimmerpreise in Echtzeit anhand von Angebot und Nachfrage, Marktbedingungen und weiteren Faktoren angepasst werden. Wichtige Einflussfaktoren sind z.B. Buchungslage, saisonale Schwankungen, Mitbewerberpreise oder Buchungszeitpunkt. Durch den Einsatz von KI-gest&uuml;tzten Revenue-Management-Systemen k&ouml;nnen Hotels ihre Preisgestaltung optimieren, die Auslastung maximieren und den Umsatz steigern.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Dynamic Pricing<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nDynamic pricing refers to a flexible pricing strategy in which hotel room prices are adjusted in real time based on supply and demand, market conditions and other factors. Important influencing factors include booking status, seasonal fluctuations, competitor prices and booking time. By using(...)<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/e-commerce\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;E-Commerce&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;E-commerce refers to electronic commerce, which is often also referred to as a virtual or electronic marketplace. The focus here is not exclusively on sales via the internet, but encompasses all online-based hotel activities.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;E-Commerce bezeichnet den elektronischen Handel, der oft auch als virtueller oder elektronischer Marktplatz bezeichnet wird. Der Fokus liegt hierbei nicht ausschlie&szlig;lich auf den Vertrieb &uuml;ber das Internet, sondern umfasst s&auml;mtliche onlinebasierten Hotelaktivit&auml;ten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">E-Commerce<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nE-commerce refers to electronic commerce, which is often also referred to as a virtual or electronic marketplace. The focus here is not exclusively on sales via the internet, but encompasses all online-based hotel activities.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/earned-value\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Earned Value&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The capitalized earnings value is a concept that represents the value of an investment at a future point in time. It enables investors to estimate how profitable an investment is and what risk is associated with it.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Earned Value<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe capitalized earnings value is a concept that represents the value of an investment at a future point in time. It enables investors to estimate how profitable an investment is and what risk is associated with it.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ebit\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;EBIT&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation EBIT stands for &lsquo;Earnings Before Interest and Tax&rsquo; and describes a business indicator that shows earnings before interest and taxes and is used as a measure of profitability.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung EBIT steht f&uuml;r den englischen Ausdruck &amp;quot;Earnings Bevor Interest and Tax&rdquo; und beschreibt eine betriebswirtschaftliche Kennzahl, welche die Einnahmen vor Abzug von Zinsen und Steuern anzeigt und als Kennzahl zur Messung der Profitabilit&auml;t genutzt wird. &amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">EBIT<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation EBIT stands for \u2018Earnings Before Interest and Tax\u2019 and describes a business indicator that shows earnings before interest and taxes and is used as a measure of profitability.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ebitda\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;EBITDA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation EBITDA\/NOI stands for &lsquo;Earnings before Interest, Taxes, Depreciation, Amortisation \/ Net Operating Income&rsquo; and describes business indicators used to assess a company&amp;#039;s operating income. EBITDA describes profit before taxes, interest and depreciation.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung EBITDA\/NOI steht f&uuml;r den englischen Ausdruck &amp;quot;Earnings before Interest, Taxes, Depreciation, Amortisation \/ Net Operating Income&rdquo; und beschreibt betriebswirtschaftliche Kennzahlen, um das operative Einkommen eines Unternehmens zu beurteilen. Das EBITDA beschreibt den Gewinn vor Steuern, Zinsen und Abschreibungen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">EBITDA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation EBITDA\/NOI stands for \u2018Earnings before Interest, Taxes, Depreciation, Amortisation \/ Net Operating Income\u2019 and describes business indicators used to assess a company's operating income. EBITDA describes profit before taxes, interest and depreciation.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ema\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;EMA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;An EMA refers to a booking that is made electronically by means of an e-mail.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Eine EMA bezeichnet eine Buchung, die auf elektronischem Wege mittels E-Mail erfolgt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">EMA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAn EMA refers to a booking that is made electronically by means of an e-mail.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/employee-turnover\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Employee (turnover)&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;This key figure measures the employee turnover of a company. It is about the employees who leave or join the hotel within an observation period. The fluctuation can also refer within the company between individual departments.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Diese Kennzahl misst die Mitarbeiterfluktuation eines Unternehmens. Es geht um die Mitarbeiter, die innerhalb eines Beobachtungszeitraumes das Hotel verlassen bzw. neu hinzukommen. Die Fluktuation kann sich auch innerhalb des Unternehmens zwischen einzelnen Abteilungen beziehen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Employee (turnover)<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThis key figure measures the employee turnover of a company. It is about the employees who leave or join the hotel within an observation period. The fluctuation can also refer within the company between individual departments.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/esg\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ESG&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The term ESG (Environment, Social, Governance) refers to non-financial factors such as environmental, social and good corporate governance, which should be taken into account in the investment process in the future. &amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Begriff ESG (Environment, Social, Governance) bezieht sich auf nicht-finanzielle Faktoren wie Umwelt, Soziales und gute Unternehmensf&uuml;hrung, die zuk&uuml;nftig im Rahmen des Investmentprozesses Ber&uuml;cksichtigung finden sollten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ESG<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term ESG (Environment, Social, Governance) refers to non-financial factors such as environmental, social and good corporate governance, which should be taken into account in the investment process in the future. \n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/esg-integration\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ESG-Integration&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The term ESG (Environment, Social, Governance) refers to non-financial factors such as environmental, social and good corporate governance, which should be taken into account in the investment process in the future.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ESG-Integration bezeichnet den expliziten Einbezug von ESG-Kriterien und Nachhaltigkeitsrisiken in die Unternehmensanalyse im Rahmen des Investmentprozesses. Dabei werden ESG-Kriterien als wichtige Faktoren bei der Bewertung des Chance-Risiko-Profils einer bestimmten Investition betrachtet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ESG-Integration<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term ESG (Environment, Social, Governance) refers to non-financial factors such as environmental, social and good corporate governance, which should be taken into account in the investment process in the future.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ethical-investing\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Ethical Investing&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ethical investing is an investment strategy that focuses not only on financial returns but also on ethical, moral or social aspects. The aim is to make investments that have a positive impact on society and the environment.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Ethical Investing<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nEthical investing is an investment strategy that focuses not only on financial returns but also on ethical, moral or social aspects. The aim is to make investments that have a positive impact on society and the environment.\n\n\n\n\n<\/dfn><\/li><li class=\" ln-\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/eu-taxonomy-regulation\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;(EU-) Taxonomy-Regulation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Regulation (EU) 2020\/852, which was adopted by the European Parliament and Council, aims to establish a framework to promote sustainable investments and to amend Regulation 2019\/2088. The EU taxonomy represents a classification system that contains a list of environmentally sustainable economic activities, but does not provide for the categorization of socially sustainable activities. A sustainable investment can either be in line with the taxonomy or not, depending on its environmental objective.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">(EU-) Taxonomy-Regulation<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nRegulation (EU) 2020\/852, which was adopted by the European Parliament and Council, aims to establish a framework to promote sustainable investments and to amend Regulation 2019\/2088. The EU taxonomy represents a classification system that contains a list of environmentally sustainable(...)<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/exit-yield\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Exit Yield&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The exit yield is used to assess the expected return on an investment, particularly with regard to the timing of the exit or sale of the investment. It indicates how much profit an investor can expect in relation to the debt capital invested.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Exit Yield wird verwendet, um die erwartete Rendite eines Investments zu bewerten, insbesondere im Hinblick auf den Zeitpunkt des Ausstiegs oder Verkaufs des Investments. Sie gibt an, wie viel Gewinn ein Investor im Verh&auml;ltnis zum eingesetzten Fremdkapital erwarten kann.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Exit Yield<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe exit yield is used to assess the expected return on an investment, particularly with regard to the timing of the exit or sale of the investment. It indicates how much profit an investor can expect in relation to the debt capital invested.\n<\/dfn><\/li><li class=\" ln-4\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/extended-stay\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Extended Stay&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &lsquo;extended stay&rsquo; refers to hotel stays over a longer period of time, usually more than seven days. Weekend rates are quoted for extended stays.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Begriff Extended Stay steht f&uuml;r Hotelaufenthalte &uuml;ber einen l&auml;ngeren Zeitraum, in der Regel von mehr als sieben Tagen. Bei einem Extended Stay sind Wochenendpreise angegeben.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Extended Stay<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u2018extended stay\u2019 refers to hotel stays over a longer period of time, usually more than seven days. Weekend rates are quoted for extended stays.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/family-office\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Family Office&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A family office is a company that manages and administers the assets of one or more wealthy families. It offers comprehensive services in the areas of asset management, financial planning, tax optimisation, succession planning and often philanthropy. Family offices aim to preserve and grow family wealth over the long term, often across generations.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Family Office ist eine Gesellschaft, die das Verm&ouml;gen einer oder mehrerer wohlhabender Familien verwaltet und betreut. Es bietet umfassende Dienstleistungen in den Bereichen Verm&ouml;gensverwaltung, Finanzplanung, Steueroptimierung, Nachfolgeplanung und oft auch Philanthropie. Family Offices haben das Ziel, das Familienverm&ouml;gen langfristig zu erhalten und zu vermehren, oft &uuml;ber Generationen hinweg.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Family Office<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA family office is a company that manages and administers the assets of one or more wealthy families. It offers comprehensive services in the areas of asset management, financial planning, tax optimisation, succession planning and often philanthropy. Family offices aim to preserve and grow(...)<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/fb\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;F&amp;#038;B&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The term stands for Food &amp;amp; Beverage. The F&amp;amp;B area is one of the largest departments in the hotel, along with the front office, housekeeping, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">F&B<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term stands for Food & Beverage. The F&B area is one of the largest departments in the hotel, along with the front office, housekeeping, etc.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/feasibility-study\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Feasibility Study&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A feasibility study is a tool used to assess the feasibility and viability of projects. In the form of a short or full study, it analyses possible solutions, risks and potential. Among other things, a feasibility study aims to identify specific goals, means of implementation and ways to prevent bad investments.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Eine &amp;lt;strong&amp;gt;Feasibility Study&amp;lt;\/strong&amp;gt;, im Deutschen eine &amp;quot;Machbarkeitsstudie&amp;quot;, bezeichnet ein Instrument zur Pr&uuml;fung der Realisierbarkeit und Umsetzbarkeit von Projekten. In Form einer Kurz- oder Vollstudie werden L&ouml;sungsans&auml;tze, Risiken und Potentiale analysiert. Damit verfolgt eine Feasibility Study unter anderem die Ziele der Identifizierung konkreter Ziele, Mittel zur Realisierung und dem Verhindern von Fehlinvestitionen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Feasibility Study<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA feasibility study is a tool used to assess the feasibility and viability of projects. In the form of a short or full study, it analyses possible solutions, risks and potential. Among other things, a feasibility study aims to identify specific goals, means of implementation and ways to(...)<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ffe\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;FF&amp;amp;E&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation FF&amp;amp;E stands for &lsquo;Furniture, Fixtures and Equipment&rsquo; and describes all items in a hotel that are not part of the building itself but relate to its furnishings (e.g. chairs, beds, etc.).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">FF&amp;E<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation FF&E stands for \u2018Furniture, Fixtures and Equipment\u2019 and describes all items in a hotel that are not part of the building itself but relate to its furnishings (e.g. chairs, beds, etc.).\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ffe-reserves\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;FF&amp;amp;E Reserves&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;FF&amp;amp;E reserves are usually set up by the hotel operator. They are used to replace faulty or broken items in the hotel as needed.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">FF&amp;E Reserves<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFF&E reserves are usually set up by the hotel operator. They are used to replace faulty or broken items in the hotel as needed.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/foh\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;FoH&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation FoH stands for the English expression &lsquo;Front of the House&rsquo;. The term refers to the publicly accessible areas\/rooms for hotel guests. This contrasts with the expression BoH.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung FoH steht f&uuml;r den englischen Ausdruck &amp;quot;Front of the House&amp;quot;. Der Begriff bezeichnet die &ouml;ffentlich zug&auml;nglichen Fl&auml;chen\/R&auml;ume f&uuml;r Hotelg&auml;ste. Dem gegen&uuml;ber steht der Ausdruck BoH.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">FoH<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation FoH stands for the English expression \u2018Front of the House\u2019. The term refers to the publicly accessible areas\/rooms for hotel guests. This contrasts with the expression BoH.\n\n\n\n\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/forecast\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Forecast&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In revenue management, a forecast is a prediction of a hotel&amp;#039;s future performance. In addition to a reliable evaluation of historical data, continuous market analysis with regard to future developments is also necessary for targeted positioning and an efficient pricing strategy.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The forecast extrapolates previous booking figures and predicts the results for the period. The forecast takes into account factors such as trade fairs and conferences at the location, holiday and public holiday dates, booked events at the hotel and existing corporate contracts. Based on experience and previous year&amp;#039;s figures, it highlights how the period is expected to develop. The forecast is also used to align operational processes with regard to personnel and demand planning.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der &amp;lt;strong&amp;gt;Forecast &amp;lt;\/strong&amp;gt;bezeichnet im Rahmen des Revenue Managements eine Zukunftsprognose der Performance eines Hotels. F&uuml;r eine gezielte Positionierung und effiziente Preisstrategie sind neben einer verl&auml;sslichen Auswertung der Vergangenheitsdaten auch eine kontinuierliche Marktanalyse hinsichtlich zuk&uuml;nftiger Entwicklungen vonn&ouml;ten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Im Forecast werden die bisherigen Buchungsst&auml;nde hochgerechnet und es wird eine Prognose des Periodenergebnisses aufgestellt. Einbezogen in den Forecast werden unter anderem Messen und Kongresse am Standort, Ferien- und Feiertagstermine, gebuchte Veranstaltungen im Haus und bestehende Corporate-Vertr&auml;ge. Anhand von Erfahrungs- und Vorjahreswerten wird herausgestellt, wie sich die Periode der Voraussicht nach entwickeln wird. Auf Basis des Forecasts werden au&szlig;erdem operative Prozesse hinsichtlich Personal- und Bedarfsplanung ausgerichtet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Forecast<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn revenue management, a forecast is a prediction of a hotel's future performance. In addition to a reliable evaluation of historical data, continuous market analysis with regard to future developments is also necessary for targeted positioning and an efficient pricing strategy.\n\n\n\nThe(...)<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/fte\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;FTE&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;This term expresses the time value that a full time equivalent worker provides. At the same time, the key figure is of great importance for personnel recruiting and provides an important basis for further analyses.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Dieser Begriff dr&uuml;ckt den Zeitwert aus, den eine Vollzeit-Arbeitskraft (Full Time Equivalent) erbringt. Gleichzeitig ist die Kennzahl f&uuml;r das Personal Recruiting von gro&szlig;er Bedeutung und bietet f&uuml;r weitere Analysen eine wichtige Grundlage.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">FTE<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThis term expresses the time value that a full time equivalent worker provides. At the same time, the key figure is of great importance for personnel recruiting and provides an important basis for further analyses.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/full-board\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Full Board&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Full board is a type of accommodation in a hotel or similar accommodation. It includes three meals a day, and meals are provided for the entire duration of the trip.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Full Board<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFull board is a type of accommodation in a hotel or similar accommodation. It includes three meals a day, and meals are provided for the entire duration of the trip.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/full-occupancy-days\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Full Occupancy Days&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Full occupancy days are a key figure that determines the number of days when all the hotel&amp;#039;s rooms are fully occupied (= 100%). Furthermore, a distinction can be made between bed full occupancy days and room full occupancy days.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Full Occupancy Days<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFull occupancy days are a key figure that determines the number of days when all the hotel's rooms are fully occupied (= 100%). Furthermore, a distinction can be made between bed full occupancy days and room full occupancy days.\n\n\n\n\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/full-year\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Full Year&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;FY (=Full Year) refers to the full fiscal year.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter FY (=Full Year) wird das volle Gesch&auml;ftsjahr verstanden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Full Year<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFY (=Full Year) refers to the full fiscal year.\n<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/fusion\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Fusion&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A merger in the hotel sector refers to the merger of at least two legally independent hotels into one economic and legal entity. Each merger in the hotel sector is individually designed by the companies involved, which means that the exact conditions and effects vary from case to case.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Eine Fusion im Hotelbereich bezieht sich auf den Zusammenschluss von mindestens zwei rechtlich eigenst&auml;ndigen Hotels zu einer wirtschaftlichen und rechtlichen Einheit. Jede Fusion im Hotelbereich wird von den beteiligten Unternehmen individuell gestaltet, wodurch die genauen Bedingungen und Auswirkungen von Fall zu Fall unterschiedlich sind.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Fusion<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA merger in the hotel sector refers to the merger of at least two legally independent hotels into one economic and legal entity. Each merger in the hotel sector is individually designed by the companies involved, which means that the exact conditions and effects vary from case to case.\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/gds\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GDS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation GDS stands for Global Distribution System. These are global databases of tourist services that are available to a large network of providers. They can use the GDS to make direct bookings at the desired hotel, giving it access to international guests. The best-known providers of GDS systems include Amadeus and Sabre.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;GDS &amp;lt;\/strong&amp;gt;bezeichnet ein Global Distribution System. Diese sind globale Datenbanken touristischer Leistungen, die einem gro&szlig;en Netzwerk von Anbietern zur Verf&uuml;gung stehen. Diese k&ouml;nnen &uuml;ber das GDS direkt Buchungen im gew&uuml;nschten Hotel ausl&ouml;sen, sodass dieses Zugang zu internationalen G&auml;sten gewinnt. Die bekanntesten Anbieter von GDS-Systemen sind u. a. Amadeus und Sabre.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">GDS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation GDS stands for Global Distribution System. These are global databases of tourist services that are available to a large network of providers. They can use the GDS to make direct bookings at the desired hotel, giving it access to international guests. The best-known providers(...)<\/dfn><\/li><li class=\" ln-5\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/gfz\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;FAR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;FAR stands for floor area ratio and indicates how much usable floor area of a building may be erected on a specific plot of land. The index thus determines the maximum structural utilization of a plot of land and indicates the ratio of building area to plot area.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">FAR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFAR stands for floor area ratio and indicates how much usable floor area of a building may be erected on a specific plot of land. The index thus determines the maximum structural utilization of a plot of land and indicates the ratio of building area to plot area.\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/gm\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GM&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation GM stands for &lsquo;General Manager&rsquo; and describes the position of hotel director, also known as hotel manager.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Abk&uuml;rzung GM steht f&uuml;r die englische Bezeichnung &amp;quot;General Manager&amp;quot; und beschreibt die Position des Hoteldirektors, auch Hotelmanager\/in genannt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">GM<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation GM stands for \u2018General Manager\u2019 and describes the position of hotel director, also known as hotel manager.\n\n\n\n\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/gop\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GOP&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation GOP stands for &lsquo;Gross Operating Profit&rsquo; and describes the gross operating result, i.e. the surplus of operating income over operating expenses. By representing the operating result of a business, GOP is one of the most important key figures in the hotel industry.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung GOP steht f&uuml;r den englischen Ausdruck &amp;quot;Gross Operating Profit&amp;quot; und beschreibt das Brutto-Betriebsergebnis, den &Uuml;berschuss der operativen Einnahmen gegen&uuml;ber den operativen Ausgaben. Der GOP beschreibt durch seine Darstellung des operativen Ergebnisses eines Betriebes eine der wichtigsten Kennzahlen in der Hotellerie.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">GOP<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation GOP stands for \u2018Gross Operating Profit\u2019 and describes the gross operating result, i.e. the surplus of operating income over operating expenses. By representing the operating result of a business, GOP is one of the most important key figures in the hotel industry.\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/goppar\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;GOPPAR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;GOPPAR (= Gross Operating Profit per Available Room) refers to gross operating profit per available room. It is an important KPI used for revenue management.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;GOPPAR (= Gross Operating Profit per Available Room) bezieht sich auf den Bruttobetriebsgewinn pro verf&uuml;gbarem Zimmer. Es handelt sich um einen wichtigen KPI, der f&uuml;r das Revenue Management verwendet wird.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">GOPPAR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nGOPPAR (= Gross Operating Profit per Available Room) refers to gross operating profit per available room. It is an important KPI used for revenue management.\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/gross-floor-area\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Gross Floor Area&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation GFA stands for &lsquo;gross floor area&rsquo; and describes the sum of the available boundary areas of all floor plans, as specified in the DIN 277 standard.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Gross Floor Area<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation GFA stands for \u2018gross floor area\u2019 and describes the sum of the available boundary areas of all floor plans, as specified in the DIN 277 standard.\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/group-guest\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Group Guest&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;This includes hotel guests with a negotiated group rate.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Darunter werden Hotelg&auml;ste mit verhandelter Gruppenrate verstanden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Group Guest<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThis includes hotel guests with a negotiated group rate.\n<\/dfn><\/li><li class=\" ln-7\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/half-board\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Half Board&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unlike full board, half board is a different type of accommodation in a hotel or similar accommodation. It includes breakfast in the morning and, in most cases, dinner. Meals are provided for the entire duration of the trip.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Half Board<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nUnlike full board, half board is a different type of accommodation in a hotel or similar accommodation. It includes breakfast in the morning and, in most cases, dinner. Meals are provided for the entire duration of the trip.\n<\/dfn><\/li><li class=\" ln-7\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/headcount\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Headcount&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Headcount refers to the number of employees in the hotel or, for example, in a particular area.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter Headcount versteht man die Mitarbeiteranzahl im Hotel oder z.B. in einem bestimmten Bereich.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Headcount<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nHeadcount refers to the number of employees in the hotel or, for example, in a particular area.\n<\/dfn><\/li><li class=\" ln-7\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/hot\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;HoT&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation HoT stands for &lsquo;Head of Terms&rsquo; and thus literally refers to a preliminary agreement between two or more parties. This agreement is drawn up after an LOI has been submitted, once the parties have agreed to enter into exclusive contract negotiations with each other.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung HoT steht f&uuml;r den englischen Ausdruck &amp;quot;Head of Terms&amp;quot; und somit w&ouml;rtlich f&uuml;r einen Vorvertrag zwischen zwei oder mehreren Parteien. Dieser Vertrag wird nach der Abgabe eines LOIs aufgesetzt, nachdem sich die Parteien auf exklusive Vertragsverhandlungen miteinander geeinigt haben.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">HoT<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation HoT stands for \u2018Head of Terms\u2019 and thus literally refers to a preliminary agreement between two or more parties. This agreement is drawn up after an LOI has been submitted, once the parties have agreed to enter into exclusive contract negotiations with each other.\n<\/dfn><\/li><li class=\" ln-7\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/hotel-real-estate-fund\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Hotel Real Estate Fund&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A&nbsp;hotel real estate fund&nbsp;is an investment fund that invests specifically in hotel properties. These funds pool capital from investors to acquire, develop or operate hotels. They offer investors the opportunity to participate in the growth of the hotel market without having to own or manage properties themselves. There are different types of hotel real estate funds: Open-ended funds (investors can buy or sell shares at any time), closed-ended funds (capital is invested for a fixed period) and REITs (Real Estate Investment Trusts) (listed funds that offer regular distributions). The success of a hotel real estate fund depends on factors such as location, market trends, interest rate developments and the operational management of the hotels.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Hotel Real Estate Fund<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA\u00a0hotel real estate fund\u00a0is an investment fund that invests specifically in hotel properties. These funds pool capital from investors to acquire, develop or operate hotels. They offer investors the opportunity to participate in the growth of the hotel market without having to own or manage(...)<\/dfn><\/li><li class=\" ln-8\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ibe\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;IBE&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation IBE stands for Internet Booking Engine and refers to an application for booking (tourist) services on the Internet. The IBE provides rates and availability in real time and allows guests to make direct bookings and receive immediate confirmation. IBEs can also bundle various services and offer them at a total price.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;IBE &amp;lt;\/strong&amp;gt;steht f&uuml;r den englischen Begriff Internet Booking Engine und bezeichnet eine Anwendung zur Buchung (touristischer) Leistungen im Internet. Die IBE stellt Raten und Verf&uuml;gbarkeiten in Echtzeit zur Verf&uuml;gung und erm&ouml;glicht dem Gast eine direkte Buchung, sowie eine direkte Buchungsbest&auml;tigung. IBEs k&ouml;nnen auch verschiedene Leistungen b&uuml;ndeln und diese zu einem Gesamtpreis anbieten.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">IBE<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation IBE stands for Internet Booking Engine and refers to an application for booking (tourist) services on the Internet. The IBE provides rates and availability in real time and allows guests to make direct bookings and receive immediate confirmation. IBEs can also bundle various(...)<\/dfn><\/li><li class=\" ln-8\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/incentive-fee\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Incentive Fee&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The incentive fee is a type of remuneration that the manager receives when a certain agreed revenue threshold is exceeded, thereby ensuring greater management efficiency.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Incentive Fee ist eine Art der Verg&uuml;tung, die der Manager erh&auml;lt, wenn eine gewisse vereinbarte Umsatzschwelle &uuml;berschritten wird und somit f&uuml;r mehr Effizienz des Managements sorgt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Incentive Fee<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe incentive fee is a type of remuneration that the manager receives when a certain agreed revenue threshold is exceeded, thereby ensuring greater management efficiency.\n<\/dfn><\/li><li class=\" ln-8\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/institutional-investor\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Institutional Investor&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;An institutional investor is a company or organisation that invests large amounts of capital in various asset classes. These include banks, insurance companies, pension funds, investment companies, foundations and family offices. Unlike private investors, institutional investors have extensive market knowledge, high investment volumes and often long-term investment strategies. They play a central role in the financial and real estate markets, as their decisions can influence large capital flows. In the hotel industry, for example, institutional investors invest in hotel real estate, hotel real estate funds, or direct operator participations in order to achieve stable returns and value appreciation.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Institutional Investor<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAn institutional investor is a company or organisation that invests large amounts of capital in various asset classes. These include banks, insurance companies, pension funds, investment companies, foundations and family offices. Unlike private investors, institutional investors have(...)<\/dfn><\/li><li class=\" ln-8\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/interim-management\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Interim Management&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The management of a hotel business is handed over by the owner to the interim manager (e.g. external company) for a certain period of time. Interim managers make decisions regarding personnel planning, budget planning and control, and revenue generation, among other things.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Interim Management<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe management of a hotel business is handed over by the owner to the interim manager (e.g. external company) for a certain period of time. Interim managers make decisions regarding personnel planning, budget planning and control, and revenue generation, among other things.\n<\/dfn><\/li><li class=\" ln-8\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/investment-fund\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Investment Fund&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;An investment fund is an investment vehicle that pools capital from multiple investors and invests it in various assets such as stocks, bonds, real estate, or other financial instruments according to a specific investment strategy. An investment fund is managed by a fund management company, which actively or passively manages the portfolio in accordance with the defined strategy. The aim is to achieve broad risk diversification and attractive returns for investors. In the hotel and real estate sector, there are specialized funds that invest specifically in hotel real estate in order to benefit from the appreciation in value and income generated by the hotel industry.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Investment Fund<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAn investment fund is an investment vehicle that pools capital from multiple investors and invests it in various assets such as stocks, bonds, real estate, or other financial instruments according to a specific investment strategy. An investment fund is managed by a fund management company,(...)<\/dfn><\/li><li class=\" ln-9\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/joint-venture\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Joint Venture&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A joint venture in the hotel industry is a collaboration between two or more companies to jointly develop and operate a hotel project, for example. Each participating company contributes its expertise, own resources and capital to successfully realize the hotel project. Joint ventures can be established between local partners as well as with international hotel chains in order to benefit from and exploit common synergies.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Joint Venture in der Hotellerie ist eine Zusammenarbeit zwischen zwei oder mehr Unternehmen, um zum Beispiel gemeinsam ein Hotelprojekt zu entwickeln und zu betreiben. Jedes beteiligte Unternehmen bringt dabei seine Fachkenntnisse, eigenen Ressourcen und Kapital ein, um das Hotelprojekt erfolgreich zu realisieren. Joint Ventures k&ouml;nnen sowohl zwischen lokalen Partnern als auch mit internationalen Hotelketten geschlossen werden, um von den gemeinsamen Synergien zu profitieren und diese zu nutzen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Joint Venture<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA joint venture in the hotel industry is a collaboration between two or more companies to jointly develop and operate a hotel project, for example. Each participating company contributes its expertise, own resources and capital to successfully realize the hotel project. Joint ventures can be(...)<\/dfn><\/li><li class=\" ln-2\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/kaltakquise\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Cold Outreach&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;This involves the acquisition of new customers with whom no business relationship previously existed and whom one does not know personally. It involves making contact with the aim of convincing these potential customers of the products\/services and establishing a business relationship. Contact is thus established without a prior personal relationship, such as at a trade show, event, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Cold Outreach<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThis involves the acquisition of new customers with whom no business relationship previously existed and whom one does not know personally. It involves making contact with the aim of convincing these potential customers of the products\/services and establishing a business relationship.(...)<\/dfn><\/li><li class=\" ln-10\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/key-money\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Key Money&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Enter english text s&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\r\n&amp;lt;p&amp;gt;Dabei handelt es sich um eine finanzielle Vorauszahlung, die ein Franchisegeber oder Betreiber an einen Eigent&uuml;mer bzw. Vermieter leistet, um einen Franchise- oder Managementvertrag abzuschlie&szlig;en.&amp;lt;\/p&amp;gt;\r\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Key Money<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nEnter english text s\n<\/dfn><\/li><li class=\" ln-10\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/kpi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;KPI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation KPI stands for &amp;quot;Key Performance Indicator&rdquo; and describes business metrics used to assess the performance of a company. Their purpose is to represent the company and its sub-areas in terms of performance using key figures, thereby controlling and evaluating a wide variety of processes and, based on this, optimizing them if necessary.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;KPI&amp;lt;\/strong&amp;gt; steht f&uuml;r den englischen Ausdruck &amp;quot;Key Performance Indicator&rdquo; und beschreibt betriebswirtschaftliche Kennzahlen, um die Leistung eines Betriebs zu beurteilen. Sie verfolgen den Zweck, das Unternehmen und seine Teilbereiche leistungsbezogen in Kennzahlen darzustellen und damit verschiedenste Prozesse zu kontrollieren, zu bewerten und darauf aufbauend gegebenenfalls zu optimieren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">KPI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation KPI stands for \u201cKey Performance Indicator\u201d and describes business metrics used to assess the performance of a company. Their purpose is to represent the company and its sub-areas in terms of performance using key figures, thereby controlling and evaluating a wide variety of(...)<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/lcr\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;LCR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation LCR stands for &amp;quot;lease coverage ratio&rdquo; and refers to the lease coverage factor. The higher the value, the lower the default risk.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung LCR steht f&uuml;r den englischen Ausdruck &amp;quot;Lease Coverage Ratio&amp;quot; und bezeichnet den Mietabdeckungsfaktor. Je h&ouml;her der Wert liegt, desto geringer ist das Ausfallrisiko.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">LCR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation LCR stands for \u201clease coverage ratio\u201d and refers to the lease coverage factor. The higher the value, the lower the default risk.\n<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/lead-time\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Lead Time&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In the hotel industry, lead time refers to the period between booking completion and arrival at the hotel. It is important for hoteliers to know the average lead time for their establishment in order to better assess booking trends and respond with appropriate revenue management measures.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Lead Time<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn the hotel industry, lead time refers to the period between booking completion and arrival at the hotel. It is important for hoteliers to know the average lead time for their establishment in order to better assess booking trends and respond with appropriate revenue management measures.\n<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/loi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;LOI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A Letter of Intent (LOI) is a contract signed by two or more parties expressing their interest in entering contract negotiations or concluding a contract. It can be regarded as a kind of preliminary contract documenting the declarations of intent of the parties involved.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Letter of Intent (LOI) ist ein Vertrag, das von zwei oder mehreren Parteien unterzeichnet wird und ihr Interesse an der Aufnahme von Vertragsverhandlungen oder dem Abschluss eines Vertrages bekundet. Es kann als eine Art Vorvertrag betrachtet werden, der die Absichtserkl&auml;rungen der beteiligten Parteien dokumentiert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">LOI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA Letter of Intent (LOI) is a contract signed by two or more parties expressing their interest in entering contract negotiations or concluding a contract. It can be regarded as a kind of preliminary contract documenting the declarations of intent of the parties involved.\n<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/long-stay\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Long Stay&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;long stay&rdquo; refers to a booked period of time that is longer than usual. As a rule, guests stay for up to four weeks. Long stays are particularly common in serviced apartments or boarding houses.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Long Stay<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201clong stay\u201d refers to a booked period of time that is longer than usual. As a rule, guests stay for up to four weeks. Long stays are particularly common in serviced apartments or boarding houses.\n<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/loyalty-programm\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Loyalty Programm&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Loyalty programs aim to strengthen guests&amp;#039; loyalty to the accommodation provider and to encourage them to make bookings or become regular guests. Such programs are particularly widespread in the international hotel industry. Guests collect points with each stay, which they can then redeem for free nights, room upgrades, etc., once they have reached a certain number of points.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Loyalty-Programme zielen darauf ab, die Bindung von G&auml;sten an den Beherbergungsbetrieb zu st&auml;rken und sie zu Buchungen zu bewegen bzw. sie als Stammg&auml;ste zu gewinnen. Insbesondere in der internationalen Hotelbranche sind solche Programme weit verbreitet. Dabei sammeln G&auml;ste bei jedem Aufenthalt Punkte, die sie dann f&uuml;r kostenlose &Uuml;bernachtungen, Zimmerupgrades, etc. einl&ouml;sen k&ouml;nnen, sobald sie eine bestimmte Anzahl von Punkten erreicht haben.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Loyalty Programm<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nLoyalty programs aim to strengthen guests' loyalty to the accommodation provider and to encourage them to make bookings or become regular guests. Such programs are particularly widespread in the international hotel industry. Guests collect points with each stay, which they can then redeem for(...)<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/lra\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;LRA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Last Room Availability (LRA) refers to a contractual condition agreed upon with (corporate) customers. The contractual conditions set apply to this customer until the last room is sold, regardless of category.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Last Room Availability (&amp;lt;strong&amp;gt;LRA&amp;lt;\/strong&amp;gt;) bezeichnet eine Vertragsbedingung in der Abstimmung mit (Firmen-)Kunden. Die gesetzten Vertragskonditionen gelten f&uuml;r diesen Kunden bis zum Verkauf des letzten Zimmers, unabh&auml;ngig der Kategorie.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">LRA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nLast Room Availability (LRA) refers to a contractual condition agreed upon with (corporate) customers. The contractual conditions set apply to this customer until the last room is sold, regardless of category.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ma\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;M&amp;amp;A&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In a business context, the abbreviation M&amp;amp;A stands for mergers and acquisitions and generally refers to a merger of companies.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A merger involves two independent companies that merge or amalgamate to form a single economic and legal entity.&amp;lt;br&amp;gt;An acquisition refers to the purchase of an entire company or individual business units.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">M&amp;A<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn a business context, the abbreviation M&A stands for mergers and acquisitions and generally refers to a merger of companies.\n\n\n\nA merger involves two independent companies that merge or amalgamate to form a single economic and legal entity.An acquisition refers to the purchase of an entire(...)<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/management-contract\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Management Contract&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;In a management contract, the hotel owner commissions an operator to manage a specific property on his behalf. In return, the operator (e.g. hotel chains) receives a fixed or performance-based management fee. However, the responsibility and economic risk remain on the side of the owner.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Management Contract<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn a management contract, the hotel owner commissions an operator to manage a specific property on his behalf. In return, the operator (e.g. hotel chains) receives a fixed or performance-based management fee. However, the responsibility and economic risk remain on the side of the owner.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/management-fee\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Management Fee&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The management fee is an amount paid by the management provider to the management recipient under a hotel property management agreement. The management fee is regulated by contract.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Management Fee ist ein Betrag, der im Rahmen eines Managementvertrages einer Hotelimmobilie vom Managementgeber an den Managementnehmer gezahlt wird. Die Management Fee ist vertraglich geregelt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Management Fee<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe management fee is an amount paid by the management provider to the management recipient under a hotel property management agreement. The management fee is regulated by contract.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mezzanine-capital\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Mezzanine Capital&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Mezzanine capital is a form of financing consisting of a mixture of equity and debt and represents a balance sheet-friendly form of capital procurement.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Mezzanine Capital<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nMezzanine capital is a form of financing consisting of a mixture of equity and debt and represents a balance sheet-friendly form of capital procurement.\n\n\n\n\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mice\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;MICE&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation MICE stands for &amp;quot;meetings, incentives, conventions, and events&rdquo; and describes different aspects of business tourism. The MICE industry includes trade fairs, congresses, and conference centers, among other things.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung MICE steht f&uuml;r &amp;quot;Meeting, Incentive, Conventions und Events&amp;quot; und beschreibt unterschiedliche Teile des gesch&auml;ftlichen Tourismus. Zur MICE-Industrie geh&ouml;ren unter anderem Messen, Kongresse und Tagungshallen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">MICE<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation MICE stands for \u201cmeetings, incentives, conventions, and events\u201d and describes different aspects of business tourism. The MICE industry includes trade fairs, congresses, and conference centers, among other things.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mlos\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;MLOS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The English term MLOS stands for &amp;quot;minimum length of stay&rdquo; and is an operational control function that ensures that the guest making the booking does not stay for less than the specified length of stay, e.g., 4 days.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die englische Bezeichnung MLOS steht im Deutschen f&uuml;r &amp;quot;Mindestaufenthaltsdauer&amp;quot; und ist eine operative Steuerfunktion, welche kontrolliert, dass der buchende Gast die festgelegte Aufenthaltsdauer von z. B. 4 Tagen nicht unterschreitet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">MLOS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe English term MLOS stands for \u201cminimum length of stay\u201d and is an operational control function that ensures that the guest making the booking does not stay for less than the specified length of stay, e.g., 4 days.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mne\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;MNE&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation MNE stands for &amp;quot;multinational enterprises,&rdquo; i.e., international companies. Unlike companies that operate nationally, MNEs engage in cross-border business activities, with assets and employees in more than one country.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;MNE&amp;lt;\/strong&amp;gt; steht f&uuml;r den englischen Begriff &amp;quot;Multinational Enterprises&amp;quot;, somit internationale Unternehmungen. Im Gegensatz zu national operierenden Unternehmen verfolgen MNE grenz&uuml;berschreitende Gesch&auml;ftst&auml;tigkeiten, welche &uuml;ber Verm&ouml;gen und Mitarbeiter in mehr als einem Land verfolgen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">MNE<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation MNE stands for \u201cmultinational enterprises,\u201d i.e., international companies. Unlike companies that operate nationally, MNEs engage in cross-border business activities, with assets and employees in more than one country.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mpi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;MPI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The Market Penetration Index (MPI) is a key figure used to calculate the market penetration of a hotel and serves as a benchmark value. It compares the occupancy rate of a defined set of competitors (CompSet) with the occupancy rate of the hotel itself. The MPI indicates the occupancy performance of the hotel itself in comparison to the defined market or location.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of the MPI:&amp;lt;br&amp;gt;MPI = (hotel occupancy rate \/ CompSet occupancy rate) * 100&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;MPI &amp;gt; 100: The hotel is performing appropriately compared to the comparison group.&amp;lt;br&amp;gt;MPI &amp;lt; 100: The hotel has a smaller share of the market in question than the comparison group.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Market Penetration Index (&amp;lt;strong&amp;gt;MPI&amp;lt;\/strong&amp;gt;) bezeichnet eine Kennzahl zur Berechnung der Marktdurchdringung eines Hotels und fungiert als Benchmark-Wert. Dabei wird die Belegung eines festgelegten Mitbewerber-Sets (CompSet) ins Verh&auml;ltnis gesetzt zur Belegung des eigenen Hotels. Der MPI gibt die Auslastungsleistung des eigenen Hotels im Vergleich zum festgelegten Markt bzw. Standort an.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung des MPIs:&amp;lt;br&amp;gt;&amp;lt;strong&amp;gt;MPI = (Auslastung des Hotels \/ Auslastung des CompSets) * 100&amp;lt;\/strong&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;MPI &amp;gt; 100: Das Hotel performt gegen&uuml;ber der Vergleichsgruppe angemessen.&amp;lt;br&amp;gt;MPI &amp;lt; 100: Das Hotel hat einen geringeren Anteil am betrachteten Markt als die Vergleichsgruppe.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">MPI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Market Penetration Index (MPI) is a key figure used to calculate the market penetration of a hotel and serves as a benchmark value. It compares the occupancy rate of a defined set of competitors (CompSet) with the occupancy rate of the hotel itself. The MPI indicates the occupancy(...)<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mtd\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;MTD&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation MTD (= Month to Date) refers to the period from the beginning of the month to the current time.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung MTD (= Month to Date) bezieht sich auf den Zeitraum, der seit Beginn des Monats bis zum aktuellen Zeitpunkt reicht.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">MTD<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation MTD (= Month to Date) refers to the period from the beginning of the month to the current time.\n<\/dfn><\/li><li class=\" ln-12\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/mystery-check\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Mystery Check&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A mystery check or also called mystery guesting is a method to evaluate the service quality, standards and various procedures of a hotel business from the perspective of an expert or hotel guest. An anonymous hotel tester is used who visits the establishment without prior notice and evaluates it according to predefined criteria. With the help of a mystery check, results can be recorded under real conditions without the respective establishment being specifically prepared for the test. In Austria, mystery guesting as part of hotel classification can only be carried out by companies that are listed in the official pool of the trade association and use the predefined questionnaire.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Mystery Check oder auch Mystery Guesting genannt ist eine Methode, um die Servicequalit&auml;t, Standards und diverse Abl&auml;ufe eines Hotelbetriebs aus der Perspektive eines Experten bzw. Hotelgastes zu bewerten. Dabei wird ein anonymer Hoteltester eingesetzt, der den Betrieb ohne Vorank&uuml;ndigung besucht und nach vorher definierten Kriterien bewertet. Mithilfe eines Mystery Checks k&ouml;nnen Ergebnisse unter realen Bedingungen erfasst werden, ohne dass der jeweilige Betrieb gezielt auf den Test vorbereitet ist. In &Ouml;sterreich kann ein Mystery Guesting im Rahmen der Hotelklassifizierung nur von Unternehmen durchgef&uuml;hrt werden, die im offiziellen Pool des Fachverbandes gelistet sind und den vorgegebenen Fragenkatalog verwenden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Mystery Check<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA mystery check or also called mystery guesting is a method to evaluate the service quality, standards and various procedures of a hotel business from the perspective of an expert or hotel guest. An anonymous hotel tester is used who visits the establishment without prior notice and evaluates(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/nachhaltigkeitsfaktoren\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sustainability Factors&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;This includes aspects relating to environmental, social and employee concerns, respect for human rights and the fight against corruption and bribery. Governance refers to aspects of good corporate management.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Sustainability Factors<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThis includes aspects relating to environmental, social and employee concerns, respect for human rights and the fight against corruption and bribery. Governance refers to aspects of good corporate management.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/nachhaltigkeitsrisiken\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sustainability Risks&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;These are environmental, social, or governance events or conditions that, if they occur, may have an actual or potential significant negative impact on the value of an investment.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Sustainability Risks<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThese are environmental, social, or governance events or conditions that, if they occur, may have an actual or potential significant negative impact on the value of an investment.\n<\/dfn><\/li><li class=\" ln-13\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/nda\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NDA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation NDA stands for &amp;quot;non-disclosure agreement&rdquo; and is mostly used in the context of hotel projects under development. It is also referred to as a confidentiality agreement.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung NDA steht f&uuml;r den englischen Ausdruck &amp;quot;Non-Disclosure Agreement&rdquo; und wird meist im Rahmen entstehender Hotelprojekte verwendet, unter anderem auch Vertraulichkeitsvereinbarung genannt.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">NDA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation NDA stands for \u201cnon-disclosure agreement\u201d and is mostly used in the context of hotel projects under development. It is also referred to as a confidentiality agreement.\n<\/dfn><\/li><li class=\" ln-13\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/net-initial-yield\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Net Initial Yield&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The net initial yield in the hotel industry allows investors to analyze the profitability of a hotel property and compare different investment opportunities. It is, in simplified terms, the ratio of net rental income to the total purchase price of the property.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Net Initial Yield<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe net initial yield in the hotel industry allows investors to analyze the profitability of a hotel property and compare different investment opportunities. It is, in simplified terms, the ratio of net rental income to the total purchase price of the property.\n<\/dfn><\/li><li class=\" ln-13\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/nfa\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NFA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Net floor area (NFA) is the sum of all usable space in a building and is a component of the area that can be used for commercial purposes.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">NFA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nNet floor area (NFA) is the sum of all usable space in a building and is a component of the area that can be used for commercial purposes.\n<\/dfn><\/li><li class=\" ln-13\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/noi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;NOI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Net operating income (NOI) in the hotel industry is a significant financial indicator for measuring the profitability and performance of a hotel. It represents the net operating income and is calculated by deducting operating costs from the hotel&amp;#039;s gross revenues.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Net Operating Income (NOI) in der Hotellerie ist eine bedeutsame finanzielle Kennzahl zur Messung der Rentabilit&auml;t und Leistung eines Hotels. Er repr&auml;sentiert den Nettobetriebsertrag und wird errechnet, indem die betrieblichen Kosten von den Bruttoeinnahmen des Hotels abgezogen werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">NOI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nNet operating income (NOI) in the hotel industry is a significant financial indicator for measuring the profitability and performance of a hotel. It represents the net operating income and is calculated by deducting operating costs from the hotel's gross revenues.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/occ\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OCC&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation OCC stands for &amp;quot;occupancy&rdquo; and describes a business indicator that assesses the occupancy rate of a hotel. To calculate the occupancy rate of a business, the number of available rooms is divided by the number of rooms actually booked.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung OCC steht f&uuml;r den englischen Ausdruck &amp;quot;Occupancy&rdquo; und beschreibt eine betriebswirtschaftliche Kennzahl, welche die Auslastung eines Hotelbetriebs beurteilt. Um die Auslastung eines Betriebes zu errechnen, wird die Anzahl der verf&uuml;gbaren Zimmer durch die Anzahl der tats&auml;chlich gebuchten Zimmer dividiert. &amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OCC<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation OCC stands for \u201coccupancy\u201d and describes a business indicator that assesses the occupancy rate of a hotel. To calculate the occupancy rate of a business, the number of available rooms is divided by the number of rooms actually booked.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/oecd-guidelines-for-multinational-enterprises\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OECD-Guidelines for Multinational Enterprises&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The Guidelines for Multinational Enterprises, established by the Organisation for Economic Co-operation and Development (OECD), provide a framework for action by international companies seeking to ensure responsible corporate governance.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OECD-Guidelines for Multinational Enterprises<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Guidelines for Multinational Enterprises, established by the Organisation for Economic Co-operation and Development (OECD), provide a framework for action by international companies seeking to ensure responsible corporate governance.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/offenlegungsverordnung\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sustainable Finance Disclosure Regulation&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Regulation (EU) 2019\/2088 of the European Parliament and of the Council of 29 November 2019 on sustainability-related disclosure requirements in the financial services sector.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Sustainable Finance Disclosure Regulation<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nRegulation (EU) 2019\/2088 of the European Parliament and of the Council of 29 November 2019 on sustainability-related disclosure requirements in the financial services sector.\n<\/dfn><\/li><li class=\" ln-\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ood\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;&nbsp;OOD&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;ODD (= Online Distribution Data), the database from the provider Pegasus for online distribution, bundles the prices incl. availabilities from the majority of hotel CRS (= Central Reservation Systems), through which e.g. OTA or IDS pull their hotel content.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;ODD (= Online Distribution Data), die Datenbank vom Anbieter Pegasus f&uuml;r den Online-Vertrieb, b&uuml;ndelt die Preise inkl. Verf&uuml;gbarkeiten aus dem Gro&szlig;teil der Hotel-CRS (= Central Reservation Systeme), wodurch z.B. OTA oder IDS ihren Hotel-Content nehmen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">\u00a0OOD<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nODD (= Online Distribution Data), the database from the provider Pegasus for online distribution, bundles the prices incl. availabilities from the majority of hotel CRS (= Central Reservation Systems), through which e.g. OTA or IDS pull their hotel content.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/opco\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OpCo&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In an OpCo structure, the OpCo is usually the owner of a hotel business, but not the owner of the property.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In einer OpCo Struktur ist die OpCo in der Regel die Eigent&uuml;merin eines Hotelbetriebs, dennoch nicht Eigent&uuml;merin der Immobilie.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OpCo<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn an OpCo structure, the OpCo is usually the owner of a hotel business, but not the owner of the property.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/operating-expenses\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Operating Expenses&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;operating expenses&rdquo; refers to the costs of running a hotel, but not to ownership expenses.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der englische Begriff &amp;quot;Operating Expenses&amp;quot; steht f&uuml;r die operativen Kosten f&uuml;r den Betrieb eines Hotels, aber nicht f&uuml;r die Ownership Expenses.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Operating Expenses<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201coperating expenses\u201d refers to the costs of running a hotel, but not to ownership expenses.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/opex\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OpEx&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;OpEx (=Operational Expenditures), are ongoing operating costs or expenses that serve the daily operational business in the hotel. Costs here are, for example, salaries, insurance, administrative costs, energy and water consumption, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;OpEx, in Englisch Operational Expenditures, sind laufende Betriebskosten bzw. Ausgaben, die dem operativen Tagesgesch&auml;ft im Hotel dienen. Kosten sind hier zum Beispiel Geh&auml;lter, Versicherungen, Verwaltungskosten, Energie- und Wasserverbrauch, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OpEx<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nOpEx (=Operational Expenditures), are ongoing operating costs or expenses that serve the daily operational business in the hotel. Costs here are, for example, salaries, insurance, administrative costs, energy and water consumption, etc.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/opportunistic\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Opportunistic&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The risk class &amp;quot;opportunistic&rdquo; in real estate valuation refers to an investment with a very high risk due to its peripheral location and building structures in need of renovation. However, if the renovation, development, or repositioning is successful, opportunistic real estate promises high returns.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Risikoklasse &amp;quot;Opportunistic&amp;quot; in der Immobilienbewertung bezeichnet ein Investment mit einem durch ihre Peripherie-Lagen und sanierungsbed&uuml;rftigen Geb&auml;udestrukturen sehr hohen Risiko. Bei erfolgreicher Sanierung, Entwicklung oder Repositionierung jedoch versprechen Opportunistic Immobilien eine hohe Rendite.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Opportunistic<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe risk class \u201copportunistic\u201d in real estate valuation refers to an investment with a very high risk due to its peripheral location and building structures in need of renovation. However, if the renovation, development, or repositioning is successful, opportunistic real estate promises high(...)<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ose\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OS&amp;amp;E&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation OS&amp;amp;E stands for &amp;quot;Operating Supplies and Equipment&rdquo; and describes all items in a hotel that are considered consumables (e.g., towels, sheets, hair dryers, etc.).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OS&amp;E<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation OS&E stands for \u201cOperating Supplies and Equipment\u201d and describes all items in a hotel that are considered consumables (e.g., towels, sheets, hair dryers, etc.).\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ota\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OTA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation OTA stands for &amp;quot;online travel agency.&rdquo; OTAs are digital platforms that enable guests to book travel online with a wide variety of providers. Well-known examples include Booking.com, Expedia, and the HRS Group.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung OTA steht f&uuml;r den englischen Ausdruck &amp;quot;Online Travel Agency&amp;quot;. OTAs bezeichnen digitale Plattformen, welche dem Gast eine onlinebasierte Reisebuchung bei unterschiedlichsten Anbietern erm&ouml;glicht. Bekannte Beispiele hierzu sind unter anderem Booking.com, Expedia oder die HRS Group.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OTA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation OTA stands for \u201conline travel agency.\u201d OTAs are digital platforms that enable guests to book travel online with a wide variety of providers. Well-known examples include Booking.com, Expedia, and the HRS Group.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/otb\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;OTB&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation OTB refers to a hotel&amp;#039;s booking status within the PMS. It defines the hotel&amp;#039;s &amp;quot;on the books&rdquo; figures and thus all definitive bookings within the system. These are used to analyze previous booking history and to create forecasts.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung &amp;lt;strong&amp;gt;OTB &amp;lt;\/strong&amp;gt;bezeichnet den Buchungsstand eines Hotels innerhalb des PMS. Definiert werden die &amp;quot;on the books&amp;quot;-Zahlen des Hauses und somit alle definitiven Buchungen innerhalb des Systems. Diese dienen zur Analyse des bisherigen Buchngsverlaufs sowie zur Erstellung des Forecasts.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">OTB<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation OTB refers to a hotel's booking status within the PMS. It defines the hotel's \u201con the books\u201d figures and thus all definitive bookings within the system. These are used to analyze previous booking history and to create forecasts.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/outsourcing\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Outsourcing&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;&amp;quot;Outsourcing&amp;quot; is a corporate strategy in which certain services or tasks are outsourced by a company to external service providers rather than being performed by the company itself. This subsequently reduces certain costs in various areas.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;quot;Outsourcing&amp;quot; ist eine Unternehmensstrategie, bei der bestimmte Leistungen oder Aufgaben von einem Unternehmen an externe Dienstleister ausgelagert und nicht mehr vom Unternehmen selbst erbracht werden. Dadurch werden in weiterer Folge bestimmte Kosten in verschiedenen Bereichen reduziert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Outsourcing<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\n\"Outsourcing\" is a corporate strategy in which certain services or tasks are outsourced by a company to external service providers rather than being performed by the company itself. This subsequently reduces certain costs in various areas.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/overbooking\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Overbooking&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Overbooking is the sale of rooms in excess of the available room capacity. Here, hoteliers try to generate an occupancy as full as possible due to cancellations or no-shows.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Eine &Uuml;berbuchung (= Overbooking) ist der Verkauf von Zimmern &uuml;ber der vorhandenen Zimmerkapazit&auml;t. Hier versuchen Hoteliers aufgrund von Stornierungen oder Nichtanreisen (No-Shows) trotzdem eine m&ouml;glichst volle Auslastung zu generieren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Overbooking<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nOverbooking is the sale of rooms in excess of the available room capacity. Here, hoteliers try to generate an occupancy as full as possible due to cancellations or no-shows.\n<\/dfn><\/li><li class=\" ln-14\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/owner-operator-vehicle\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Owner-Operator Vehicle&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;An owner-operator vehicle is a business structure in which the owner of a property is also its operator. In the hotel industry, this means that a hotel investor not only owns the property but also manages the operational business themselves, rather than outsourcing it to an external hotel chain or management partner. This structure offers the advantage that the owner has full control over the business model, brand concept, and operational strategy. At the same time, however, they also bear the entrepreneurial risk and are responsible for the entire operation, profitability, and guest experience.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Owner-Operator Vehicle<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nAn owner-operator vehicle is a business structure in which the owner of a property is also its operator. In the hotel industry, this means that a hotel investor not only owns the property but also manages the operational business themselves, rather than outsourcing it to an external hotel(...)<\/dfn><\/li><li class=\" ln-11\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pachtvertrag\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Lease Agreement&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A lease is an agreement between an owner and an operator whereby the operator pays a monthly rent to the owner for the use of the property including FF&amp;amp;E (= facilities). The operator has full responsibility for operations while the owner retains certain control rights. Leases are considered a safe investment by lenders, making them a popular option.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Lease Agreement<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA lease is an agreement between an owner and an operator whereby the operator pays a monthly rent to the owner for the use of the property including FF&E (= facilities). The operator has full responsibility for operations while the owner retains certain control rights. Leases are considered a(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pax\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;PAX&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;pax&rdquo; is used in the hotel industry to refer to the number of people, e.g., 2 people = 2 pax.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Bezeichnung Pax wird in der Hotellerie f&uuml;r die Anzahl von Personen benutzt, z. B. 2 Personen= 2 Pax.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">PAX<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201cpax\u201d is used in the hotel industry to refer to the number of people, e.g., 2 people = 2 pax.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/payroll\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Payroll&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Payroll is an umbrella term for the monthly payroll. This is the source of all payments made to employees in a company.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Payroll ist ein &Uuml;berbegriff f&uuml;r die monatliche Lohn- und Gehaltsabrechnung. Davon gehen alle Zahlungen der mitarbeitenden Personen in einem Unternehmen aus.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Payroll<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nPayroll is an umbrella term for the monthly payroll. This is the source of all payments made to employees in a company.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/performance\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Performance&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In the hotel industry, the term &amp;quot;performance&rdquo; refers to the overall performance of a hotel or hotel chain in terms of various operational and economic indicators. These include, among other things, revenue (income from guest accommodation, restaurants, events, and other services offered), occupancy rate (the percentage of available rooms that have actually been booked), average room rate\/average daily rate (the average price guests pay for an overnight stay), or RevPAR\/revenue per available room. A hotel&amp;#039;s performance is used to evaluate the success of the business, make strategic decisions, and identify potential for improvement. It is a decisive factor in a hotel&amp;#039;s competitiveness and depends on internal and external factors such as service quality, market conditions, and marketing strategies.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In der Hotellerie bezeichnet der Begriff Performance die Gesamtleistung eines Hotels oder einer Hotelkette im Hinblick auf verschiedene betriebliche und wirtschaftliche Kennzahlen. Dazu z&auml;hlen unter anderem der Umsatz (die Einnahmen aus der Beherbergung von G&auml;sten, Restaurants, Events und anderen angebotenen Dienstleistungen), die Belegungsrate (der Prozentsatz der verf&uuml;gbaren Zimmer, die tats&auml;chlich gebucht wurden), der durchschnittliche Zimmerpreis\/Average Daily Rate (der durchschnittliche Preis, den G&auml;ste f&uuml;r eine &Uuml;bernachtung zahlen) oder RevPAR\/Revenue per Available Room. Die Performance eines Hotels wird genutzt, um den Erfolg des Betriebs zu bewerten, strategische Entscheidungen zu treffen und Verbesserungspotenziale zu erkennen. Sie ist ein entscheidender Faktor f&uuml;r die Wettbewerbsf&auml;higkeit eines Hotels und h&auml;ngt von internen und externen Faktoren wie Servicequalit&auml;t, Marktbedingungen und Marketingstrategien ab.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Performance<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn the hotel industry, the term \u201cperformance\u201d refers to the overall performance of a hotel or hotel chain in terms of various operational and economic indicators. These include, among other things, revenue (income from guest accommodation, restaurants, events, and other services offered),(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pick-up\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Pick-Up&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The hotel pick-up refers to the daily recording of the current booking status compared to the previous day for the current year. It provides an overview of future booking trends and helps identify booking patterns and optimization opportunities. Together with RevPAR, occupancy and ADR, the Pick-Up is one of the most relevant indicators for a sustainable pricing strategy.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Pick-Up im Hotel bezeichnet die t&auml;gliche Erfassung des aktuellen Buchungsstandes im Vergleich zum Vortag f&uuml;r das laufende Jahr. Er gibt eine &Uuml;bersicht &uuml;ber die zuk&uuml;nftige Buchungsentwicklung und hilft bei der Identifizierung von Buchungsmustern und Optimierungsm&ouml;glichkeiten. Zusammen mit dem RevPAR, der Auslastung und der ADR ist der Pick-Up einer der relevantesten Indikatoren f&uuml;r eine nachhaltige Preisstrategie.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Pick-Up<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe hotel pick-up refers to the daily recording of the current booking status compared to the previous day for the current year. It provides an overview of future booking trends and helps identify booking patterns and optimization opportunities. Together with RevPAR, occupancy and ADR, the(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pipeline\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Pipeline&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;pipeline&rdquo; refers to all future hotel projects at the location in question, regardless of their opening date, location, etc. The pipeline is a relevant factor in competitive analysis and the development of new hotel projects in a destination.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der englische Begriff Pipeline steht f&uuml;r die Gesamtheit der zuk&uuml;nftig entstehenden Hotelprojekte am betrachteten Standort, unabh&auml;ngig ihrer Er&ouml;ffnung, Lage, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Pipeline bildet einen relevanten Faktor bei der Wettbewerbsanalyse und Entwicklung neuer Hotelprojekte in einer Destination.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Pipeline<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201cpipeline\u201d refers to all future hotel projects at the location in question, regardless of their opening date, location, etc. The pipeline is a relevant factor in competitive analysis and the development of new hotel projects in a destination.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pl\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;P&amp;#038;L&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;P&amp;amp;L, also known as Profit &amp;amp; Loss Statement, corresponds to the German P&amp;amp;L and is used to determine the financial performance or profitability of the company. A P&amp;amp;L is often prepared on an annual basis and provides an important basis for further analysis and corporate decisions. The most important key figures that can be derived from a P&amp;amp;L include GOP and EBITDA. GOP stands for &amp;quot;Gross Operating Profit&amp;quot; and describes the gross operating profit or the surplus of operating income over operating expenses. EBITDA (= &amp;quot;Earnings before Interest, Taxes, Depreciation&amp;quot;) describes the profit before taxes, interest and depreciation.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;P&amp;amp;L oder auch Profit &amp;amp; Loss Statement genannt, entspricht der deutschen GuV und dient dazu, die finanzielle Performance bzw. Profitabilit&auml;t des Unternehmens zu ermitteln. Eine P&amp;amp;L wird oft auf Jahresbasis erstellt und bietet eine wichtige Grundlage f&uuml;r weitere Analyse und Unternehmensentscheidungen. Zu den wichtigsten Kennzahlen, die aus einer P&amp;amp;L abgeleitet werden k&ouml;nnen, geh&ouml;ren der GOP und das EBITDA. GOP steht f&uuml;r &amp;quot;Gross Operating Profit&amp;quot; und beschreibt das Brutto-Betriebsergebnis bzw. den &Uuml;berschuss der operativen Einnahmen gegen&uuml;ber den operativen Ausgaben. EBITDA (= &amp;quot;Earnings before Interest, Taxes, Depreciation&amp;quot;) beschreibt den Gewinn vor Steuern, Zinsen und Abschreibungen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">P&L<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nP&L, also known as Profit & Loss Statement, corresponds to the German P&L and is used to determine the financial performance or profitability of the company. A P&L is often prepared on an annual basis and provides an important basis for further analysis and corporate decisions. The most(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pms\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;PMS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation PMS stands for &amp;quot;property management system.&rdquo; PMS is a software platform that enables the management of reservations, payment processing, etc. The aim is to bundle data from all areas of the hotel and use it to provide a digital, structured control and decision-making function.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung PMS steht f&uuml;r den englischen Ausdruck &amp;quot;property management system&amp;quot;. Das PMS ist eine Softwareplattform, welche z.B. die Verwaltung von Reservierungen, Zahlungsabwicklungen etc. erm&ouml;glicht. Das Ziel ist es dabei, die Daten s&auml;mtlicher Hotelbereiche zu b&uuml;ndeln und auf dieser Grundlage eine digitale, strukturierte Kontroll- und Entscheidungsfunktion bereitzustellen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">PMS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation PMS stands for \u201cproperty management system.\u201d PMS is a software platform that enables the management of reservations, payment processing, etc. The aim is to bundle data from all areas of the hotel and use it to provide a digital, structured control and decision-making function.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pom\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;POM&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;POM (= Production and Operations Management) is a central component of operational and corporate management. In the hotel industry, it is aboperout the operational design and management of a hotel business.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;POM (= Production and Operations Management) ist ein zentraler Bestandteil des Betriebs- bzw- Unternehmensmanagements. Darunter wird in der Hotellerie die operative Gestaltung und Verwaltung eines Hotelbetriebs verstanden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">POM<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nPOM (= Production and Operations Management) is a central component of operational and corporate management. In the hotel industry, it is aboperout the operational design and management of a hotel business.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/por-ratio-per-occupied-room\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;POR ratio (per occupied room)&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The POR (Profitability-Operational Ratio) per occupied room is used as a measure to assess the profitability of a hotel in terms of the number of occupied rooms.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Das POR-Verh&auml;ltnis (Profitability-Operational Ratio) pro belegtem Zimmer dient als Messgr&ouml;&szlig;e zur Beurteilung der Rentabilit&auml;t eines Hotels in Bezug auf die Anzahl der belegten Zimmer.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">POR ratio (per occupied room)<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe POR (Profitability-Operational Ratio) per occupied room is used as a measure to assess the profitability of a hotel in terms of the number of occupied rooms.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/portfolio\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Portfolio&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In the hotel industry, the term portfolio refers to all hotels belonging to a hotel group, chain, or operator. It encompasses various categories of hotels, which may differ in terms of location, brand, star rating, target group, or concept. A hotel portfolio can include owned hotels, franchise hotels, and management contracts. A hotel company&amp;#039;s portfolio provides insight into its market strategy, target audience, and diversification. A well-balanced portfolio strategy helps minimize economic risks and meet the needs of different guests.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In der Hotellerie bezeichnet der Begriff Portfolio die Gesamtheit der Hotels, die zu einer Hotelgruppe, -kette oder einem Betreiber geh&ouml;ren. Es umfasst verschiedene Kategorien von Hotels, die sich nach Standort, Marke, Sterneklassifizierung, Zielgruppe oder Konzept unterscheiden k&ouml;nnen. Ein Hotelportfolio kann eigene Hotels, Franchise-Hotels und Managementvertr&auml;ge beinhalten. Das Portfolio eines Hotelunternehmens gibt Aufschluss &uuml;ber dessen Marktstrategie, Zielgruppenansprache und Diversifikation. Eine gut ausgewogene Portfolio-Strategie hilft, wirtschaftliche Risiken zu minimieren und verschiedene G&auml;stebed&uuml;rfnisse abzudecken.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Portfolio<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn the hotel industry, the term portfolio refers to all hotels belonging to a hotel group, chain, or operator. It encompasses various categories of hotels, which may differ in terms of location, brand, star rating, target group, or concept. A hotel portfolio can include owned hotels,(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/pre-opening\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Pre-opening&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Pre-opening refers to all activities that take place before the hotel opens but after the property has been completed. These include, for example, equipping the kitchen, setting up marketing activities, project support and monitoring, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Als Pre-Opening werden s&auml;mtliche Aktivit&auml;ten beschrieben, welche sich vor der &Ouml;ffnung des Hotels aber nach der Fertigstellung der Immobilie abspielen. Dazu geh&ouml;ren zum Bespiel die Ausstattung der K&uuml;che, die Aufstellung der Marketingaktivit&auml;ten, die Projektbegleitung und -&uuml;berwachung, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Pre-opening<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nPre-opening refers to all activities that take place before the hotel opens but after the property has been completed. These include, for example, equipping the kitchen, setting up marketing activities, project support and monitoring, etc.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/principal-adverse-impacts\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Principal Adverse Impacts&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;PAIS or PAI indicators denote the priority adverse impacts of investment decisions on sustainability factors, including environmental, social and labor concerns, human rights issues, and corruption and bribery practices.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die PAIS- oder PAI-Indikatoren bezeichnen die vorrangigen nachteiligen Auswirkungen von Investitionsentscheidungen auf Nachhaltigkeitsfaktoren, einschlie&szlig;lich Umwelt-, Sozial- und Arbeitsbelangen, Menschenrechtsfragen und Korruptions- und Bestechungspraktiken.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Principal Adverse Impacts<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nPAIS or PAI indicators denote the priority adverse impacts of investment decisions on sustainability factors, including environmental, social and labor concerns, human rights issues, and corruption and bribery practices.\n<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/private-equity\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Private Equity&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Private equity refers to off-exchange equity capital invested by investment companies or funds in unlisted companies. These investments are usually made with the aim of increasing the value of the company through strategic measures and later selling it at a profit, for example through a sale or an initial public offering (IPO). Typical characteristics of private equity are: long-term capital investment (private equity companies often invest over several years), active influence (investors contribute management expertise to improve the profitability and efficiency of the company), and exit strategies (once the value enhancement targets have been achieved, the company or its shares are sold). Private equity plays a major role in the hotel and real estate sector, as investors acquire, restructure, or develop hotels in order to sell them later at a profit.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Private Equity bezeichnet au&szlig;erb&ouml;rsliches Beteiligungskapital, das von Investmentgesellschaften oder Fonds in nicht b&ouml;rsennotierte Unternehmen investiert wird. Diese Investitionen erfolgen meist mit dem Ziel, den Wert des Unternehmens durch strategische Ma&szlig;nahmen zu steigern und es sp&auml;ter gewinnbringend zu ver&auml;u&szlig;ern, etwa durch einen Verkauf oder einen B&ouml;rsengang (IPO). Typische Merkmale von Private Equity sind: Langfristige Kapitalbeteiligung (Private-Equity-Gesellschaften investieren oft &uuml;ber mehrere Jahre), aktive Einflussnahme (Investoren bringen Managementexpertise ein, um die Rentabilit&auml;t und Effizienz des Unternehmens zu verbessern) und Exit-Strategien (nach Erreichen der Wertsteigerungsziele erfolgt der Verkauf des Unternehmens oder dessen Anteile). Im Hotel- und Immobiliensektor spielt Private Equity eine gro&szlig;e Rolle, da Investoren Hotels erwerben, restrukturieren oder weiterentwickeln, um sie sp&auml;ter mit Gewinn zu ver&auml;u&szlig;ern.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Private Equity<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nPrivate equity refers to off-exchange equity capital invested by investment companies or funds in unlisted companies. These investments are usually made with the aim of increasing the value of the company through strategic measures and later selling it at a profit, for example through a sale(...)<\/dfn><\/li><li class=\" ln-15\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/profitcenter\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Profitcenter&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A profit center is a delimited area within the hotel for which a separate profit is determined for a specific period.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter Profitcenter versteht man einen abgegrenzten Bereich innerhalb des Hotels, f&uuml;r den ein eigener Erfolg f&uuml;r einen bestimmten Zeitraum ermittelt wird.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Profitcenter<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA profit center is a delimited area within the hotel for which a separate profit is determined for a specific period.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/rack\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Rack&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The rack rate is the official price that a hotel product advertises for a room, without taking into account special offers or discounts.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Rack Rate ist der offizielle Preis, den ein Hotelprodukt f&uuml;r ein Zimmer ausschreibt, ohne Ber&uuml;cksichtigung von Sonderangeboten oder Preisnachl&auml;ssen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Rack<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe rack rate is the official price that a hotel product advertises for a room, without taking into account special offers or discounts.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/renewable-energy-source-2\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Renewable Energy Source&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &lsquo;renewable energy source&rsquo; refers to energy sources that are not based on fossil fuels and are derived from renewable sources. These include, in particular, wind, solar (solar thermal and photovoltaic), geothermal energy, ambient energy, tidal, wave and other marine energy, hydropower, and energy obtained from biomass, landfill gas, sewage gas and biogas.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Renewable Energy Source<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u2018renewable energy source\u2019 refers to energy sources that are not based on fossil fuels and are derived from renewable sources. These include, in particular, wind, solar (solar thermal and photovoltaic), geothermal energy, ambient energy, tidal, wave and other marine energy,(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/replacement-reserve\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Replacement Reserve&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A Replacement Reserve refers to the amount &amp;quot;set aside&amp;quot; for future maintenance and replacement of worn building components or equipment in a commercial property. This amount is used as a reserve to ensure that sufficient funds are available to make the necessary repairs and replacements.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Eine Replacement Reserve bezieht sich auf den Betrag, der f&uuml;r die zuk&uuml;nftige Instandhaltung und den Ersatz von abgenutzten Geb&auml;udekomponenten oder Ausr&uuml;stung in einer gewerblichen Immobilie &amp;quot;beiseite gelegt&amp;quot; wird. Dieser Betrag wird als Reserve verwendet, um sicherzustellen, dass ausreichend finanzielle Mittel vorhanden sind, um die notwendigen Reparaturen und Ersatzinvestitionen durchzuf&uuml;hren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Replacement Reserve<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA Replacement Reserve refers to the amount \"set aside\" for future maintenance and replacement of worn building components or equipment in a commercial property. This amount is used as a reserve to ensure that sufficient funds are available to make the necessary repairs and replacements.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/reporting\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Reporting&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;In the hotel industry, reporting refers to the creation and analysis of reports based on data and key performance indicators. The purpose of reporting is to provide hotels with a basis for decision-making in order to optimize their operations and increase profitability. Modern reporting tools help hotels work efficiently and access data on a daily basis.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In der Hotellerie bezieht sich Reporting auf die Erstellung und Analyse von Berichten, die auf Daten und Kennzahlen basieren. Der Zweck des Reportings besteht darin, den Hotels eine Entscheidungsgrundlage zu liefern, um ihren Betrieb zu optimieren und die Rentabilit&auml;t zu steigern. Moderne Reporting-Tools unterst&uuml;tzen Hotels dabei, effizient zu arbeiten und t&auml;glich auf Daten zugreifen zu k&ouml;nnen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Reporting<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn the hotel industry, reporting refers to the creation and analysis of reports based on data and key performance indicators. The purpose of reporting is to provide hotels with a basis for decision-making in order to optimize their operations and increase profitability. Modern reporting tools(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/return\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Return&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;In finance and real estate, return refers to the income generated by an investment in relation to the capital invested. It is usually expressed as a percentage and serves as a key indicator for assessing the profitability of an investment. A high return indicates a profitable investment, while a low return may indicate potential for optimization or risks.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Return<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nIn finance and real estate, return refers to the income generated by an investment in relation to the capital invested. It is usually expressed as a percentage and serves as a key indicator for assessing the profitability of an investment. A high return indicates a profitable investment,(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/revpar\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;RevPAR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation RevPAR stands for &amp;quot;revenue per available room&rdquo; and describes a business indicator used to assess the revenue per available room of a business. RevPAR is calculated by multiplying the ADR by the OCC.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung RevPAR steht f&uuml;r den englischen Ausdruck &amp;quot;Revenue per available room&amp;quot; und beschreibt eine betriebswirtschaftliche Kennzahl, um den Zimmerumsatz je verf&uuml;gbarem Zimmer eines Betriebs zu beurteilen. Der RevPAR wird durch Multiplikation der ADR mit der OCC berechnet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">RevPAR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation RevPAR stands for \u201crevenue per available room\u201d and describes a business indicator used to assess the revenue per available room of a business. RevPAR is calculated by multiplying the ADR by the OCC.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/revpar-index\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;RevPAR-Index&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The RevPAR index (= Revenue per Available Room) serves as an indicator of the hotel&amp;#039;s own performance. This key figure expresses the revenue per available room in comparison to the competitors existing on the market. It is important to note that the RevPAR index is influenced not only by room occupancy, but also by room rates.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der RevPAR-Index (= Revenue per Available Room) dient als Indikator f&uuml;r die hoteleigene Performance. Diese Kennzahl dr&uuml;ckt den Umsatz pro verf&uuml;gbaren Zimmer im Vergleich zu den am Markt bestehenden Mitbewerbern aus. Es ist wichtig zu beachten, dass der RevPAR-Index nicht nur von der Zimmerauslastung, sondern auch von den Zimmerpreisen beeinflusst wird.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">RevPAR-Index<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe RevPAR index (= Revenue per Available Room) serves as an indicator of the hotel's own performance. This key figure expresses the revenue per available room in comparison to the competitors existing on the market. It is important to note that the RevPAR index is influenced not only by room(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/rgi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;RGI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The Revenue Generation Index (RGI) is a key figure used to calculate a hotel&amp;#039;s revenue-related market share and serves as a benchmark value. It compares the RevPAR achieved by a defined set of competitors (CompSet) with the RevPAR achieved by the hotel itself.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Calculation of the RGI:&amp;lt;br&amp;gt;RGI = (RevPAR of your own hotel \/ RevPAR of the CompSet) * 100&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;RGI &amp;gt; 100: The hotel is performing appropriately compared to the comparison group.&amp;lt;br&amp;gt;RGI &amp;lt; 100: The hotel has a lower RevPAR performance within the market under consideration than the comparison group.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der Revenue Generation Index (&amp;lt;strong&amp;gt;RGI&amp;lt;\/strong&amp;gt;) bezeichnet eine Kennzahl zur Berechnung des umsatzbezogenen Marktanteils eines Hotels und fungiert als Benchmark-Wert. Dabei wird der erzielte RevPAR eines festgelegten Mitbewerber-Sets (CompSet) ins Verh&auml;ltnis gesetzt zum erzielten RevPAR des eigenen Hotels.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Berechnung des RGIs:&amp;lt;br&amp;gt;&amp;lt;strong&amp;gt;RGI = (RevPAR des eigenen Hotels \/ RevPAR des CompSets) * 100&amp;lt;\/strong&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;br \/&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;RGI &amp;gt; 100: Das Hotel performt gegen&uuml;ber der Vergleichsgruppe angemessen. &amp;lt;br&amp;gt;RGI &amp;lt; 100: Das Hotel hat eine geringere RevPAR-Leistung innerhalb des betrachteten Markts als die Vergleichsgruppe.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">RGI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Revenue Generation Index (RGI) is a key figure used to calculate a hotel's revenue-related market share and serves as a benchmark value. It compares the RevPAR achieved by a defined set of competitors (CompSet) with the RevPAR achieved by the hotel itself.\n\n\n\nCalculation of the RGI:RGI =(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/rics\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;RICS&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;RICS a leading global professional organization in real estate, construction and infrastructure. As a member of the Royal Institution of Chartered Surveyors (MRICS), compliance with RICS valuation and valuation standards is mandatory for professionals. Through these standards, international investors receive valuations and valuations that meet the highest international best practice standards.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">RICS<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nRICS a leading global professional organization in real estate, construction and infrastructure. As a member of the Royal Institution of Chartered Surveyors (MRICS), compliance with RICS valuation and valuation standards is mandatory for professionals. Through these standards, international(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/risk-classes\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Risk Classes&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;There are various investment styles in the real estate industry that can be applied to properties. The risk classes assigned to a property provide information about the relationship between risk and expected returns. A distinction is made between core, core plus, value-added, and opportunistic properties.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Risk Classes<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThere are various investment styles in the real estate industry that can be applied to properties. The risk classes assigned to a property provide information about the relationship between risk and expected returns. A distinction is made between core, core plus, value-added, and(...)<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/rm\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;R&amp;#038;M&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Repair &amp;amp; Maintenance activities are summarized under this term.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter diesem Begriff werden Reparatur und Instandhaltungsaktivit&auml;ten zusammengefasst.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">R&M<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nRepair & Maintenance activities are summarized under this term.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/rn\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;RN&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation RN stands for &amp;quot;room night&rdquo; and refers to a hotel room occupied by guests for one night.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung RN steht f&uuml;r die englische Bezeichnung &amp;quot;Room night&amp;quot; und indiziert ein Hotelzimmer, das von G&auml;sten f&uuml;r eine Nacht belegt wird&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">RN<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation RN stands for \u201croom night\u201d and refers to a hotel room occupied by guests for one night.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/roi\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;ROI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation ROI stands for &amp;quot;return on investment&rdquo; and is a business indicator that shows the ratio between invested capital and profit. It is often used as a measure of the profitability of a property.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung ROI steht f&uuml;r &amp;quot;Return on Investment&amp;quot; und ist eine betriebswirtschaftliche Kennzahl, welche das Verh&auml;ltnis zwischen investiertem Kapital und Gewinn angibt. Diese wird h&auml;ufig als Ma&szlig;stab f&uuml;r die Rentabilit&auml;t einer Immobilie verwendet.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">ROI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation ROI stands for \u201creturn on investment\u201d and is a business indicator that shows the ratio between invested capital and profit. It is often used as a measure of the profitability of a property.\n<\/dfn><\/li><li class=\" ln-17\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/roll-out-strategy\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Roll-out-Strategy&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A roll-out-strategy in the hotel industry refers to the targeted introduction of new processes, technologies or concepts in various hotels or hotel chains. This strategic approach enables efficient and coordinated implementation of changes with the aim of optimizing operations.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Roll-out-Strategy<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA roll-out-strategy in the hotel industry refers to the targeted introduction of new processes, technologies or concepts in various hotels or hotel chains. This strategic approach enables efficient and coordinated implementation of changes with the aim of optimizing operations.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/scale\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Scale&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;(chain) scale&rdquo; refers to scaling segments for the hotel industry, which can be used to categorize both hotel chains and independent hotels according to their average room rates. Against this backdrop, a distinction is made between the following categories: luxury, upper upscale, upscale, upper midscale, midscale, and economy.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Hinter dem englischen Begriff &amp;quot;(Chain) &amp;lt;strong&amp;gt;Scale&amp;lt;\/strong&amp;gt;&amp;quot; verbergen sich Skalierungssegmente f&uuml;r die Hotellerie, anhand welcher sich sowohl Hotelketten als auch unabh&auml;ngige Hotels hinsichtlich ihrer durchschnittlichen Zimmerraten zusammenfassen lassen. Unterschieden werden vor diesem Hintergrund die folgenden Kategorien: Luxury, Upper Upscale, Upscale, Upper Midscale, Midscale und Economy.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Scale<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201c(chain) scale\u201d refers to scaling segments for the hotel industry, which can be used to categorize both hotel chains and independent hotels according to their average room rates. Against this backdrop, a distinction is made between the following categories: luxury, upper upscale,(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/scopes-1-2-3-treibhausgasemissionen\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Scopes 1, 2, 3-GHG Emissions&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The Scope 1, 2 and 3 categories are used to delimit and classify greenhouse gas emissions, specifically CO2 emissions. Scope 1 includes direct CO2 emissions from sources controlled by the issuing company, such as emissions from combustion processes. In contrast, Scope 2 emissions refer to indirect CO2 emissions that result from the consumption of purchased electricity, steam, or other purchased primary forms of energy. Finally, Scope 3 emissions include all other CO2 emissions that occur in the reporting company&amp;#039;s value chain, including upstream and downstream emissions, as well as emissions that occur in economic sectors with a high impact on climate change and its mitigation.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Scopes 1, 2, 3-GHG Emissions<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Scope 1, 2 and 3 categories are used to delimit and classify greenhouse gas emissions, specifically CO2 emissions. Scope 1 includes direct CO2 emissions from sources controlled by the issuing company, such as emissions from combustion processes. In contrast, Scope 2 emissions refer to(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/seo\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;SEO&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The goal of SEO (= Search Engine Optimization) is to place the hotel website in the top positions of the search results in search engines like Google. For this purpose, various measures must be taken to optimize the website so that it complies with the algorithms of the search engines. Through successful SEO optimization, the website can attract more visitors, which can lead to a higher ranking, more clicks, more deals and ultimately greater economic success.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Das Ziel von SEO (= Search Engine Optimization) ist es, die Hotel-Website auf den vorderen Pl&auml;tzen der Suchergebnisse in Suchmaschinen wie Google zu platzieren. Dazu m&uuml;ssen verschiedene Ma&szlig;nahmen ergriffen werden, um die Website so zu optimieren, dass sie den Algorithmen der Suchmaschinen entspricht. Durch eine erfolgreiche SEO-Optimierung kann die Website mehr Besucher anziehen, was zu einem h&ouml;heren Ranking, mehr Klicks, mehr Abschl&uuml;ssen und letztendlich zu einem gr&ouml;&szlig;eren wirtschaftlichen Erfolg f&uuml;hren kann.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">SEO<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe goal of SEO (= Search Engine Optimization) is to place the hotel website in the top positions of the search results in search engines like Google. For this purpose, various measures must be taken to optimize the website so that it complies with the algorithms of the search engines.(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/serviced-apartment\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Serviced Apartment&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;A serviced apartment is a furnished accommodation designed for short- or long-term stays and offering hotel-like services. These apartments combine the advantages of a private apartment with the comfort of a hotel. Typical features of a serviced apartment include a fully equipped kitchen or kitchenette for self-catering, regular cleaning service, flexible rental periods, and hotel-like additional services such as a reception desk, fitness area, or laundry service (depending on the provider).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein Serviced Apartment ist eine m&ouml;blierte Unterkunft, die f&uuml;r kurz- oder langfristige Aufenthalte konzipiert ist und hotel&auml;hnliche Dienstleistungen bietet. Diese Apartments kombinieren die Vorteile einer privaten Wohnung mit dem Komfort eines Hotels. Typische Merkmale eines Serviced Apartments sind eine voll ausgestattete K&uuml;che oder Kitchenette f&uuml;r Selbstverpflegung, regelm&auml;&szlig;iger Reinigungsservice, flexible Mietdauer sowie hotel&auml;hnliche Zusatzleistungen wie Rezeption, Fitnessbereich oder W&auml;scheservice (je nach Anbieter).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Serviced Apartment<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA serviced apartment is a furnished accommodation designed for short- or long-term stays and offering hotel-like services. These apartments combine the advantages of a private apartment with the comfort of a hotel. Typical features of a serviced apartment include a fully equipped kitchen or(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/sourcecode\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sourcecode&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Source codes are linked to an accompanying booking to determine from which source this booking originates. Useful source codes are for example: private, company, group, seminar, walk-in, etc. The purpose of linking source codes to a reservation in the hotel industry is to create statistical reports and then to analyze them.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Sourcecodes bzw. Quellcodes werden mit einer einhergehenden Buchung verkn&uuml;pft, um zu ermitteln, von welcher Quelle diese Buchung stammt. Sinnvolle Quellcodes sind zum Beispiel: Privat, Firma, Gruppe, Seminar, Walk-In, etc. Der Zweck der Verkn&uuml;pfung von Quellcodes mit einer Reservierung in der Hotellerie besteht darin, statistische Berichte zu erstellen und diese anschlie&szlig;end zu analysieren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Sourcecode<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nSource codes are linked to an accompanying booking to determine from which source this booking originates. Useful source codes are for example: private, company, group, seminar, walk-in, etc. The purpose of linking source codes to a reservation in the hotel industry is to create statistical(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/standard-land-value\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Standard Land Value&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;br&amp;gt;The standard land value describes the average property value within a zone. It is determined by purchase prices, taking into account the location and special features of the site.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Standard Land Value<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe standard land value describes the average property value within a zone. It is determined by purchase prices, taking into account the location and special features of the site.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/stly\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;STLY&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;STLY (= Same Time Last Year) means that key figures or data at a specific point in time in the current year are compared with those at the same point in time in the previous year. This method helps to analyze developments and trends compared to the previous year.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;STLY (= Same Time Last Year) bedeutet, dass Kennzahlen oder Daten zu einem bestimmten Zeitpunkt des aktuellen Jahres mit denen des gleichen Zeitpunkts im Vorjahr verglichen werden. Diese Methode hilft, Entwicklungen und Trends im Vergleich zum Vorjahr zu analysieren.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">STLY<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nSTLY (= Same Time Last Year) means that key figures or data at a specific point in time in the current year are compared with those at the same point in time in the previous year. This method helps to analyze developments and trends compared to the previous year.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/str\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;STR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Founded in 1985, STR provides key market insights for hospitality companies. Some of their services are: Data benchmarking, various analytics and reports; CompSet analysis, etc.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt; &amp;lt;span style=&amp;quot;font-size: 1rem; text-align: justify; color: var(--ast-global-color-1);&amp;quot;&amp;gt;Das 1985 gegr&uuml;ndete Unternehmen STR bietet wichtige Markteinblicke f&uuml;r Unternehmen der Hospitality Branche. Einige ihrer Leistungen sind: Daten-Benchmarking, diverse Analyseverfahren und Berichte; CompSet Analysen, etc.&amp;lt;\/span&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">STR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nFounded in 1985, STR provides key market insights for hospitality companies. Some of their services are: Data benchmarking, various analytics and reports; CompSet analysis, etc.\n<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/stranded-assets\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Stranded Assets&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Stranded assets are assets that become worthless or unexpectedly lose value. Devaluation can be caused by a variety of factors, including regulatory, economic or market changes, technological substitution, price and demand, supply-side factors or cost structures. To limit global warming, much of the existing fossil fuel reserves will be &amp;quot;stranded,&amp;quot; i.e., left in the ground and depreciated.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Stranded Assets &ndash; deutsch: gestrandete Verm&ouml;genswerte &ndash; sind Verm&ouml;genswerte, die wertlos werden oder unerwartet an Wert verlieren. Die Abwertung kann durch unterschiedliche Faktoren verursacht werden, z.B. durch regulatorische, wirtschaftliche oder marktspezifische Ver&auml;nderungen, technologische Substitution, Preis und Nachfrage, angebotsseitige Faktoren oder Kostenstrukturen. Um die globale Erw&auml;rmung zu begrenzen, wird ein gro&szlig;er Teil der vorhandenen Reserven an fossilen Brennstoffen &amp;quot;gestrandet&amp;quot; sein, d.h. im Boden verbleiben und abgeschrieben werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Stranded Assets<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nStranded assets are assets that become worthless or unexpectedly lose value. Devaluation can be caused by a variety of factors, including regulatory, economic or market changes, technological substitution, price and demand, supply-side factors or cost structures. To limit global warming, much(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/sustainable-investment\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Sustainable Investment&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Sustainable investment refers to an investment strategy that takes into account not only financial indicators but also environmental, social, and ethical criteria (ESG criteria: environmental, social, governance). The aim is to make economically successful long-term investments that also make a positive contribution to the environment and society. In the hotel and real estate industry, this means, for example, promoting energy-efficient buildings, social responsibility in corporate management, or investing in projects with sustainable value creation. Sustainable investments are becoming increasingly important as investors, regulators, and guests place greater emphasis on responsible business practices.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Sustainable Investment<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nSustainable investment refers to an investment strategy that takes into account not only financial indicators but also environmental, social, and ethical criteria (ESG criteria: environmental, social, governance). The aim is to make economically successful long-term investments that also make(...)<\/dfn><\/li><li class=\" ln-18\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/swot\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;SWOT&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A SWOT analysis examines the strengths and weaknesses (= internal factors) of a company or hotel, as well as the opportunities and threats (= external factors). The SWOT analysis is a systematic method for gathering information that can help in the strategic planning of a company. By looking at the strengths and weaknesses of the company as well as the opportunities and threats of the environment, success factors of the company can be identified.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Bei einer SWOT-Analyse werden die St&auml;rken und Schw&auml;chen (= interne Faktoren) eines Unternehmens bzw. Hotels, sowie die Chancen und Risiken (= externe Faktoren) untersucht. Die SWOT-Analyse ist eine systematische Methode zur Erfassung von Informationen, die bei der strategischen Planung eines Unternehmens helfen k&ouml;nnen. Durch die Betrachtung der St&auml;rken und Schw&auml;chen des Unternehmens sowie der Chancen und Risiken der Umwelt, k&ouml;nnen Erfolgsfaktoren des Unternehmens identifiziert werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">SWOT<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA SWOT analysis examines the strengths and weaknesses (= internal factors) of a company or hotel, as well as the opportunities and threats (= external factors). The SWOT analysis is a systematic method for gathering information that can help in the strategic planning of a company. By looking(...)<\/dfn><\/li><li class=\" ln-19\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/tga\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;TGA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;TGA refers to the technical building equipment. The technical building equipment includes all technical facilities of a building that contribute to the functional use of the property.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;lt;span style=&amp;quot;font-size: 1rem; text-align: justify; color: var(--ast-global-color-1);&amp;quot;&amp;gt;Bei der TGA spricht man von der technischen Geb&auml;udeausr&uuml;stung. Die technische Geb&auml;udeausr&uuml;stung umfasst alle technischen Einrichtungen eines Geb&auml;udes, die dazu beitragen, damit die Immobilie funktionsgerecht genutzt werden kann.&amp;lt;\/span&amp;gt;&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">TGA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nTGA refers to the technical building equipment. The technical building equipment includes all technical facilities of a building that contribute to the functional use of the property.\n<\/dfn><\/li><li class=\" ln-\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/top-line\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;&nbsp;Top line&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The &amp;quot;top line&amp;quot; refers to a company&amp;#039;s total revenue or sales before expenses and costs are deducted.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die &amp;quot;Top Line&amp;quot; bezieht sich auf die Gesamteinnahmen oder den Gesamtumsatz eines Unternehmens, bevor Ausgaben und Kosten abgezogen werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">\u00a0Top line<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe \"top line\" refers to a company's total revenue or sales before expenses and costs are deducted.\n<\/dfn><\/li><li class=\" ln-19\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/transaction-volume\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Transaction Volume&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The transaction volume in the hotel industry refers to the total value of all real estate transactions that take place in the hotel sector within a given period. It comprises the financial value of all purchase and sale transactions involving hotels or hotel-related real estate.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Transaction Volume<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe transaction volume in the hotel industry refers to the total value of all real estate transactions that take place in the hotel sector within a given period. It comprises the financial value of all purchase and sale transactions involving hotels or hotel-related real estate.\n<\/dfn><\/li><li class=\" ln-19\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/transient-guest\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Transient Guest&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Transient Guests are hotel guests without a pre-negotiated room rate. They do not belong to any particular company. They can be sold the BAR (=Best Available Rate).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Unter Transient Guests werden Hotelg&auml;ste ohne vorverhandelter Zimmerrate verstanden. Sie geh&ouml;ren keiner bestimmten Firma an. Man kann ihnen die BAR (=Best Available Rate) verkaufen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Transient Guest<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nTransient Guests are hotel guests without a pre-negotiated room rate. They do not belong to any particular company. They can be sold the BAR (=Best Available Rate).\n<\/dfn><\/li><li class=\" ln-6\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/treibhausgas-emissionsintensitaet\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Greenhouse Gas Emission Intensity&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The CO2 efficiency of a portfolio, determined by measuring the amount of CO2 equivalents per company turnover (in million euros) invested in (tons of CO2\/million euros).&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Greenhouse Gas Emission Intensity<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe CO2 efficiency of a portfolio, determined by measuring the amount of CO2 equivalents per company turnover (in million euros) invested in (tons of CO2\/million euros).\n<\/dfn><\/li><li class=\" ln-19\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/trevpar\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;TRevPAR&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation TRevPAR stands for &amp;quot;total revenue per available room&rdquo; and describes a business indicator used to assess the total revenue per available room of a business. The number of available rooms is divided by the total revenue.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung TRevPAR steht f&uuml;r den englischen Ausdruck &amp;quot;Total Revenue per available room&amp;quot; und beschreibt eine betriebswirtschaftliche Kennzahl, um den Gesamtumsatz je verf&uuml;gbarem Zimmer eines Betriebs zu beurteilen. Dabei wird die Anzahl der verf&uuml;gbaren Zimmer durch den Gesamtumsatz dividiert.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">TRevPAR<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation TRevPAR stands for \u201ctotal revenue per available room\u201d and describes a business indicator used to assess the total revenue per available room of a business. The number of available rooms is divided by the total revenue.\n<\/dfn><\/li><li class=\" ln-19\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/tsa\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;TSA&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term TSA stands for &amp;quot;Technical Service Agreement&rdquo; and refers to accompanying project consulting or support for developers\/architects &amp;quot;as representatives&rdquo; from planning and design to opening. This service can be used by both builders and operators.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Bezeichnung TSA steht f&uuml;r den englischen Ausdruck &amp;quot;Technical Service Agreement&amp;quot; und ist eine Bezeichnung f&uuml;r eine begleitende Projektberatung oder Betreuung der Entwickler \/Architekten &amp;quot;als Vertreter&amp;quot; von der Planung und Konzeption bis hin zur Er&ouml;ffnung. Diese kann sowohl von Bauherren als auch vom Betreiber in Anspruch genommen werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">TSA<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term TSA stands for \u201cTechnical Service Agreement\u201d and refers to accompanying project consulting or support for developers\/architects \u201cas representatives\u201d from planning and design to opening. This service can be used by both builders and operators.\n<\/dfn><\/li><li class=\" ln-20\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/un-global-compact-principles\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;UN Global Compact Principles&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The ten principles of the United Nations Global Compact represent an initiative launched by the United Nations to promote change processes in the areas of human rights, labor standards, the environment, and corruption prevention. These principles are closely linked to the Sustainable Development Goals (SDGs) and are committed to promoting sustainable and responsible corporate governance.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">UN Global Compact Principles<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe ten principles of the United Nations Global Compact represent an initiative launched by the United Nations to promote change processes in the areas of human rights, labor standards, the environment, and corruption prevention. These principles are closely linked to the Sustainable(...)<\/dfn><\/li><li class=\" ln-20\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/upselling\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Upselling&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Upselling is used, among other things, to offer guests a higher-value product than they previously booked. Through targeted arguments and sales skills, the advantages of direct booking of selected products or services are highlighted and booking incentives are created to increase revenue from the guest. This can refer, for example, to a higher-value room category, more extensive F&amp;amp;B services, or additional wellness offers on site.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Upselling<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nUpselling is used, among other things, to offer guests a higher-value product than they previously booked. Through targeted arguments and sales skills, the advantages of direct booking of selected products or services are highlighted and booking incentives are created to increase revenue from(...)<\/dfn><\/li><li class=\" ln-20\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/usali\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;USALI&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The Uniform System of Accounts for the Lodging Industry, or USALI for short, describes a standardized chart of accounts for the hotel and hospitality industry. USALI is based on the direct costing principle: it distinguishes between directly attributable and non-attributable costs (cost center accounting). The purpose of USALI is to make business indicators within the hotel industry comparable in terms of region, time, and operation.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Das Uniform System of Accounts for the Lodging Industry, kurz: USALI, beschreibt einen standardisierten Kontenrahmen f&uuml;r das Hotel- und Gastgewerbe. USALI beruht auf dem Direct Costing-Prinzip: es wird zwischen direkt zurechenbaren und nicht zurechenbaren Kosten unterschieden (Kostenstellenrechnung). Zweck des USALI ist es, betriebswirtschaftliche Kennzahlen innerhalb der Hotel-Branche in regionaler, zeitlicher und betrieblicher Hinsicht vergleichbar zu machen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">USALI<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe Uniform System of Accounts for the Lodging Industry, or USALI for short, describes a standardized chart of accounts for the hotel and hospitality industry. USALI is based on the direct costing principle: it distinguishes between directly attributable and non-attributable costs (cost(...)<\/dfn><\/li><li class=\" ln-21\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/value-added\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Value Added&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The risk class &amp;quot;value added&rdquo; in real estate valuation refers to an investment with a relatively high expected return and a high risk of default. These properties generally require renovation and reorientation efforts due to their location in B locations and their average building quality. This allows for significant increases in value.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Risikoklasse &amp;quot;Value Added&amp;quot; in der Immobilienbewertung bezeichnet ein Investment mit einer verh&auml;ltnism&auml;&szlig;ig hohen Rendite-Erwartung bei hohem Ausfallrisiko. Diese Immobilien erfordern allgemein einen Renovierungs- und Neuausrichtungsaufwand hinsichtlich ihrer Lage an B-Standorten und ihrer mittleren Geb&auml;udequalit&auml;t. Damit lassen sich deutliche Steigerungen im Wert erzielen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Value Added<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe risk class \u201cvalue added\u201d in real estate valuation refers to an investment with a relatively high expected return and a high risk of default. These properties generally require renovation and reorientation efforts due to their location in B locations and their average building quality.(...)<\/dfn><\/li><li class=\" ln-21\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/value-based-investing\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Value Based Investing&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;Investment approach that considers ESG opportunities and risks and uses proxy engagement and voting to generate sustainable, long-term financial returns.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Anlageansatz, der ESG-Chancen und -Risiken ber&uuml;cksichtigt und Engagement und Stimmaus&uuml;bung durch Vertreter nutzt, um nachhaltige, langfristige finanzielle Ertr&auml;ge zu erzielen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Value Based Investing<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nInvestment approach that considers ESG opportunities and risks and uses proxy engagement and voting to generate sustainable, long-term financial returns.\n<\/dfn><\/li><li class=\" ln-21\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/venture-capital\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Venture Capital&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Venture capital (VC) is a form of equity capital that is invested in young, fast-growing companies that have high growth potential but also carry increased risk. These companies are often start-ups that are developing innovative business models or technologies. Venture capital plays a crucial role in financing and scaling companies, especially in technology- and innovation-driven industries.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Venture Capital (VC) ist eine Form von Beteiligungskapital, das in junge, wachstumsstarke Unternehmen investiert wird, die ein hohes Entwicklungspotenzial, aber auch ein erh&ouml;htes Risiko aufweisen. Diese Unternehmen sind h&auml;ufig Start-ups, die innovative Gesch&auml;ftsmodelle oder Technologien entwickeln. Venture Capital spielt eine entscheidende Rolle in der Finanzierung und Skalierung von Unternehmen, insbesondere in technologie- und innovationsgetriebenen Branchen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Venture Capital<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nVenture capital (VC) is a form of equity capital that is invested in young, fast-growing companies that have high growth potential but also carry increased risk. These companies are often start-ups that are developing innovative business models or technologies. Venture capital plays a crucial(...)<\/dfn><\/li><li class=\" ln-21\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/voice\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;VOICE&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;VOICE are bookings made by phone or directly at the front office.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;VOICE sind Buchungen via Anruf bzw. Buchungen die direkt am Front Office get&auml;tigt werden.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">VOICE<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nVOICE are bookings made by phone or directly at the front office.\n<\/dfn><\/li><li class=\" ln-22\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/walk-in\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Walk-In&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;&amp;quot;Walk In&amp;quot; in the hotel industry refers to guests who come to the hotel without a prior reservation and wish to occupy a room at short notice. This type of guest is usually more common in city hotels.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;&amp;quot;Walk In&amp;quot; bezieht sich in der Hotellerie auf G&auml;ste, die ohne vorherige Reservierung ins Hotel kommen und kurzfristig ein Zimmer beziehen m&ouml;chten. Diese Art von G&auml;sten ist in der Regel h&auml;ufiger in Stadthotels anzutreffen.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Walk-In<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\n\"Walk In\" in the hotel industry refers to guests who come to the hotel without a prior reservation and wish to occupy a room at short notice. This type of guest is usually more common in city hotels.\n<\/dfn><\/li><li class=\" ln-22\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/white-label-operator\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;White Label Operator&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;A white label operator is a company that offers hotel services in the name of another company, using the branding of the partner. The advantage is that an individually managed operation gains access to central reservation, sales and customer loyalty programs of an international hotel chain, but without giving up the established name of the hotel. The fee structure is composed of a percentage of room count and\/or total revenue, as well as revenue-based fees for customer loyalty programs, and typically amounts to 4-5% of the revenue.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Ein White Label Operator ist ein Unternehmen, das Hotelleistungen im Namen eines anderen Unternehmens anbietet, wobei das Branding des Partners verwendet wird. Der Vorteil liegt darin, dass ein individuell gef&uuml;hrter Betrieb Zugang zu zentralen Reservierungs-, Verkaufs- und Kundenbindungsprogrammen einer internationalen Hotelkette erh&auml;lt, ohne jedoch den etablierten Namen des Hotels aufzugeben. Die Geb&uuml;hrenstruktur setzt sich aus einem prozentualen Anteil an der Zimmeranzahl und\/oder dem Gesamtumsatz sowie umsatzabh&auml;ngigen Geb&uuml;hren f&uuml;r Kundenbindungsprogramme zusammen und bel&auml;uft sich in der Regel auf 4-5% des Umsatzes.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">White Label Operator<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nA white label operator is a company that offers hotel services in the name of another company, using the branding of the partner. The advantage is that an individually managed operation gains access to central reservation, sales and customer loyalty programs of an international hotel chain,(...)<\/dfn><\/li><li class=\" ln-24\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/yield\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Yield&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;The term &amp;quot;yield&rdquo; is frequently used in asset management and refers to the hotel&amp;#039;s revenue. Yield management aims to maximize revenue based on supply and demand forecasts. Yield management originated in the aviation industry. In the hotel industry, the term &amp;quot;revenue management&rdquo; is more commonly used today. It is very similar to yield management, but incorporates more parameters than just price and return.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Der englische Begriff &amp;quot;&amp;lt;strong&amp;gt;yield&amp;lt;\/strong&amp;gt;&amp;quot; findet im Asset Management h&auml;ufige Anwendung und bezeichnet den Ertrag des Hotels. Yield Management strebt eine Maximierung des Umsatzes auf Grundlage von Angebots- und Nachfrageprognosen an. Seine Entstehung hat das Yield Management im Luftverkehr. Unter dem Hotel-Bezug findet heute eher der Begriff &amp;quot;Revenue Management&amp;quot; Anwendung, welcher dem Inhalt des Yield Managements sehr &auml;hnlich ist, jedoch mehr Parameter einbezieht als Preis und Rendite.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">Yield<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe term \u201cyield\u201d is frequently used in asset management and refers to the hotel's revenue. Yield management aims to maximize revenue based on supply and demand forecasts. Yield management originated in the aviation industry. In the hotel industry, the term \u201crevenue management\u201d is more(...)<\/dfn><\/li><li class=\" ln-24\"  itemscope itemtype=\"https:\/\/schema.org\/DefinedTerm\" ><a href=\"https:\/\/mrp-hotels.com\/en\/hotel-glossar\/ytd\/\"  role=\"term\" class=\"glossaryLink glossary-link-title \"   style=\"\"   itemprop=\"url\"  aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;YTD&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;1&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph {&amp;quot;translatedWithWPMLTM&amp;quot;:&amp;quot;1&amp;quot;} --&amp;gt;\n&amp;lt;p&amp;gt;The abbreviation YTD (= Year to Date) refers to the period from the beginning of the current year to the present date.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;div&amp;gt;&amp;lt;div class=&amp;quot;cmtt_meaning_label&amp;quot;&amp;gt;2&amp;lt;\/div&amp;gt;&amp;lt;!-- wp:paragraph --&amp;gt;\n&amp;lt;p&amp;gt;Die Abk&uuml;rzung YTD (= Year to Date) bezieht sich auf den Zeitraum, der seit Anfang des laufenden Jahres bis zum heutigen Datum reicht.&amp;lt;\/p&amp;gt;\n&amp;lt;!-- \/wp:paragraph --&amp;gt;&amp;lt;\/div&amp;gt;&lt;\/div&gt;\"><span itemprop=\"name\">YTD<\/span><\/a><dfn class=\"glossary_itemdesc\" role=\"definition\"  itemprop=\"description\" >\nThe abbreviation YTD (= Year to Date) refers to the period from the beginning of the current year to the present date.\n<\/dfn><\/li><\/ul><\/div><div class=\"clear clearfix cmtt-clearfix\"><\/div><\/div><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Hotel Glossar<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":8,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-37171","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glossary - mrp hotels<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mrp-hotels.com\/en\/glossary\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glossary - mrp hotels\" \/>\n<meta property=\"og:description\" content=\"Hotel Glossar\" \/>\n<meta property=\"og:url\" content=\"https:\/\/mrp-hotels.com\/en\/glossary\/\" \/>\n<meta property=\"og:site_name\" content=\"mrp hotels\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-28T09:04:49+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/glossary\\\/\",\"url\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/glossary\\\/\",\"name\":\"Glossary - mrp hotels\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#website\"},\"datePublished\":\"2021-03-16T17:30:06+00:00\",\"dateModified\":\"2025-05-28T09:04:49+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/glossary\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/glossary\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/glossary\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Glossary\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#website\",\"url\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/\",\"name\":\"mrp hotels\",\"description\":\"Europas Hotel Experten\",\"publisher\":{\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#organization\",\"name\":\"mrp hotels\",\"url\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/mrp-hotels.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/cropped-mrp_logo_2018_DRK-3.png\",\"contentUrl\":\"https:\\\/\\\/mrp-hotels.com\\\/wp-content\\\/uploads\\\/2020\\\/08\\\/cropped-mrp_logo_2018_DRK-3.png\",\"width\":2560,\"height\":1071,\"caption\":\"mrp hotels\"},\"image\":{\"@id\":\"https:\\\/\\\/mrp-hotels.com\\\/en\\\/de\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/mrp-hotels\\\/mycompany\\\/?viewAsMember=true\",\"https:\\\/\\\/www.youtube.com\\\/channel\\\/UCXGpunJ3S-xguX55LkdBf1g\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Glossary - mrp hotels","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/mrp-hotels.com\/en\/glossary\/","og_locale":"en_US","og_type":"article","og_title":"Glossary - mrp hotels","og_description":"Hotel Glossar","og_url":"https:\/\/mrp-hotels.com\/en\/glossary\/","og_site_name":"mrp hotels","article_modified_time":"2025-05-28T09:04:49+00:00","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/mrp-hotels.com\/en\/glossary\/","url":"https:\/\/mrp-hotels.com\/en\/glossary\/","name":"Glossary - mrp hotels","isPartOf":{"@id":"https:\/\/mrp-hotels.com\/en\/de\/#website"},"datePublished":"2021-03-16T17:30:06+00:00","dateModified":"2025-05-28T09:04:49+00:00","breadcrumb":{"@id":"https:\/\/mrp-hotels.com\/en\/glossary\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/mrp-hotels.com\/en\/glossary\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/mrp-hotels.com\/en\/glossary\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/mrp-hotels.com\/en\/"},{"@type":"ListItem","position":2,"name":"Glossary"}]},{"@type":"WebSite","@id":"https:\/\/mrp-hotels.com\/en\/de\/#website","url":"https:\/\/mrp-hotels.com\/en\/de\/","name":"mrp hotels","description":"Europas Hotel Experten","publisher":{"@id":"https:\/\/mrp-hotels.com\/en\/de\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/mrp-hotels.com\/en\/de\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/mrp-hotels.com\/en\/de\/#organization","name":"mrp hotels","url":"https:\/\/mrp-hotels.com\/en\/de\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/mrp-hotels.com\/en\/de\/#\/schema\/logo\/image\/","url":"https:\/\/mrp-hotels.com\/wp-content\/uploads\/2020\/08\/cropped-mrp_logo_2018_DRK-3.png","contentUrl":"https:\/\/mrp-hotels.com\/wp-content\/uploads\/2020\/08\/cropped-mrp_logo_2018_DRK-3.png","width":2560,"height":1071,"caption":"mrp hotels"},"image":{"@id":"https:\/\/mrp-hotels.com\/en\/de\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/mrp-hotels\/mycompany\/?viewAsMember=true","https:\/\/www.youtube.com\/channel\/UCXGpunJ3S-xguX55LkdBf1g"]}]}},"_links":{"self":[{"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/pages\/37171","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/comments?post=37171"}],"version-history":[{"count":1,"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/pages\/37171\/revisions"}],"predecessor-version":[{"id":37277,"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/pages\/37171\/revisions\/37277"}],"wp:attachment":[{"href":"https:\/\/mrp-hotels.com\/en\/wp-json\/wp\/v2\/media?parent=37171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}