"ADR"

average daily rate

"Available Rooms"

number of rooms available of each hotel after deducting Permanent House Use

"CAGR"

compound annual growth rate

"CRS"

Central Reservation System

"F&B Services"

hotel-related food and beverage services

"GDS"

Global Distribution System, which is a large reservation system originally designed for airlines and now widely used by travel agents

"IDS"

Internet Distribution System, which is the process of making hotel inventory, information and rates available throughout the Internet's travel websites

"I.T."

Information Technology

"MICE"

meetings, incentive travel, conferences and exhibitions

"Occupancy Rate"

rooms in use divided by Available Rooms for a given period

"Permanent House Use"

guestrooms which have been removed from the saleable inventory for a period longer than six months

"RevPAR"

revenue per Available Room

"Star-rating" or

 "Star-rated"

number of star conferred by the PRC Tourism Board to a hotel

according to the Star-rating Standard Manual and a Star-rated

hotel refers to a hotel with Star-rating conferred as mentioned

above

"Total Rooms"

number of rooms available in each hotel