RevPAR Index definition

RevPAR Index means the RevPAR Index included in the Xxxxx Travel Research Report (“STR Report”).

RevPAR Index means the RevPAR Index included in the STR Report produced for the Hotel by Xxxxx Travel Research or, if Xxxxx Travel Research no longer is in existence, the successor of Xxxxx Travel Research or such other industry resource that is equally as reputable as Xxxxx Travel Research will be substituted, in order to obtain substantially the same result as would be obtained if Xxxxx Travel Research has not ceased to be in existence.

RevPAR Index means the ratio, expressed as a percentage, of (a) the RevPAR of the Hotel to (b) the average RevPAR of the Competitive Set.

Examples of RevPAR Index in a sentence

• Base Fee – 3% of Total Revenue Incentive Management Fee – 20% of Proceeds after Owner’s Priority Owner’s Priority 12% of Purchase Price Performance Termination Owner will have the right to terminate the management agreement if in any year (after the first “stub” year) the following occurs: (a) Gross Operating Profit is less than the Performance Termination Threshold AND (b) the RevPAR Index is less than 100%.

• In addition to general economic conditions, our guest satisfaction scores, the location of our hotels, the expenditures that we and our franchisees incur to improve our hotels, our loyalty program and the quality of our service impact our ADR, occupancy rates, RevPAR and RevPAR Index performance (each of which is described below under “—Key indicators of financial condition and operating performance”).

• The remaining 50% of the 2011 Annual Bonus shall depend on the following performance metrics: 40% on EBITDA and 10% on the RevPAR Index, both as established by the Compensation Committee of the Board of Directors.

• The remaining 50% of the 2011 Annual Bonus shall depend on following performance metrics: 40% on EBITDA and 10% on the RevPAR Index, both as established by the Compensation Committee of the Board of Directors.

• You provide occupancy, ADR, RevPAR, and RevPAR Index information for your domestic franchise system; however, you do not provide similar information for your international branded hotels.

More Definitions of RevPAR Index

RevPAR Index is calculated as the weighted average of the Company’s relative share of RevPAR compared to each hotel’s competitive set, as defined by STR, Inc. and related institutions, for the Company’s comparable hotels, as defined in the Company’s reports filed with or furnished to the SEC, as of the period end.

RevPAR Index means the "Star Report" for the relevant period prepared by Smitx Xxxvel Research for the competitive market area used by the Lessee for its own marketing purposes in which the Portfolio Hotels that is the subject of an adjustment in EBITDA is located.

RevPAR Index means the REVPAR Index included in the STR Report for the Reference Group.

RevPAR Index is a measurement produced by Xxxxx Travel Research, Inc., an independent market research firm serving the travel industry, or to the extent Xxxxx Travel Research, Inc. is no longer in operation, a comparable independent market research firm serving the travel industry, that calculates the fair share of the amount of available revenue a hotel (or hotel brand) receives relative to its competitive set within a given market.

RevPAR Index means the ratio, expressed as a percentage, of the Hotel's Revpar for any Fiscal Year to the weighted average (by room count) of the Revpar achieved at each of the hotels in the Competitive Set for such Fiscal Year.

RevPAR Index means the quotient of Hotel’s REVPAR over a set period of time divided by the Competitive Set’s REVPAR over the same period of time.

RevPAR Index as used in this Agreement shall mean the Competitive Set RevPar Index as reported by Smith Travel Research. The Competitive Set included in the STR repoxxx xhall be the Competitive Set in existence at the time this Agreement is executed and shall be attached hereto as Exhibit "A" to Management Fee Rider and may not be changed except by the mutual agreement of the Lessee and the Manager. The RevPar Index used in the calculation of the Additional Incentive Fee shall be the year to date RevPar Index for the latest STR Report in existence when final year-end financial statements are delivered to Lessee.