Accelerated depreciation A tax depreciation rule established by the U.S. government in the early 1980s to provide for faster recovery of capital expenditures. The rule was tightened in 1986 for real estate.
Account A document for accumulating and summarizing financial data.
Accounting department The department that identifies, evaluates, and communicates economic information about a hotel’s financial well-being.
Accounts payable Monies owed by the hotel to ifs suppliers of goods and services.
Accounts receivable Monies owed to the hotel.
Actual market share The percentage share of the total rooms on the market that are actually captured by a particular hotel. Actual market share can be compared with fair market share to determine a hotel’s capture rate or penetration.
Adjoining rooms Guest rooms that have a common wall but no connecting door.
Affirmative action A program designed to ensure proportional representation of workers on the basis of race, religion, and gender and to ensure that no discrimination occurs.
American plan A lodging plan that provides a guest with a room and three meals per day.
Availability board A system that indicates to the staff of the reservations department the periods for which the hotel has guest rooms available.
Arrivals report The number of guests arriving on a specific date and the requirements of their reservation.
Average daily rate (ADR) A number that indicates revenue, derived by dividing net rooms revenue by the number of rooms sold.