EMV: Europay, MasterCard and Visa Definition: Chip-card technology, sometimes referred to as EMV, is a global standard for cards equipped with computer chips and the...
GOP: Gross Operating Profit Definition: A profitability metric that measures operating performance. GOP is helpful in determining operating efficiency before non-controllable fixed expenses. Example:...
IBFC: Income Before Fixed Charges Definition: A measure of profitability of a hotel. This is usually calculated as Gross Operating Profit (GOP), less all Management...
PCI DSS: Payment Card Industry Data Security Standard Definition: The Payment Card Industry has a set of standards for securing information (credit cards and CVC/CVV numbers) from theft...
CCP: Choice Centralized Pay Program Definition: A Choice Hotels created a program designed to help properties capture more business from those corporate customers that require...
NOI: Net Operating Income Definition: A company’s operating income after operating expenses are deducted but before income taxes and interest are deducted. If this...
How to Hallway Below you will find the “Call to Action” for each of the Choice University Education Sessions, you can click or...