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Glossary

Yield A specialized calculation in the lodging industry, reflecting a comparative penetration between a subject property and the entire market. To calculate, three steps are required. (a) Multiply a subject property’s occupancy rate by the average daily room rate. (b) Multiply the entire market’s occupancy rate by the market’s average daily room date. (c) Divide the result of (a) by the result of (b) to arrive at yield; it is expressed as a percentage.
Zoning Ordinance A rule imposing rules and restrictions on how and where development may occur. The broad zoning classifications of land are residential, commercial and industrial. Zoning originated in New York City in 1916 to prevent industrial land use in Manhattan’s office and shopping districts.