Holiday Inn 2015 Annual Report Download - page 179

LTIP
Long Term Incentive Plan.
managed leases
properties structured for legal reasons
as operating leases but with the same
characteristics as management contracts.
management contract
a contract to operate a hotel on behalf
of the hotel owner.
market capitalisation
the value attributed to a listed company
by multiplying its share price by the number
of shares in issue.
net debt
borrowings less cash and cash equivalents,
including the exchange element of the
fair value of currency swaps hedging
the borrowings.
net rooms supply
net total number of IHG hotel rooms.
NYSE
New York Stock Exchange.
occupancy rate
rooms occupied by hotel guests, expressed
as a percentage of rooms that are available.
ordinary share
from 9 October 2012 until 30 June 2014, the
ordinary shares of 14194/329 pence each in the
Company; and from 1 July 2014, the ordinary
shares of 15265/329 pence each in the Company.
owner
the ultimate owner of a hotel property.
pipeline
hotels/rooms that will enter the IHG System
at a future date. A new hotel only enters
the pipeline once a contract has been
signed and the appropriate fees paid.
In rare circumstances, a hotel will not
open for reasons such as the financing
being withdrawn.
ppt
a percentage point is the unit for the
arithmetic difference of two percentages.
revenue management
the employment of pricing and segment
strategies to optimise the revenue generated
from the sale of room nights.
revenue per available room or RevPAR
rooms revenue divided by the number
of room nights that are available (can be
mathematically derived from occupancy
rate multiplied by average daily rate).
room count
number of rooms franchised, managed,
owned or leased by IHG.
rooms revenue
revenue generated from the sale
of room nights.
royalties
fees, based on rooms revenue, that
a franchisee pays to the brand owner
for use of the brand name.
SEC
US Securities and Exchange Commission.
Six Continents
Six Continents Limited; previously Six
Continents PLC and re-registered as a
private limited company on 6 June 2005.
sterling or pounds sterling, £, pence or p
the pound sterling, the currency of the
United Kingdom.
subsidiary undertaking
a company over which the Group
exercises control.
System
hotels/rooms operating under franchise
and management agreements together
with IHG owned and leased hotels/rooms,
globally (the IHG System) or on a regional
basis, as the context requires.
System contribution to revenue
per cent of rooms revenue delivered
through IHG’s direct and indirect systems
and channels.
System Fund or Fund
assessment fees and contributions collected
from hotels within the IHG System for the
specific use of marketing, the IHG Rewards
Club loyalty programme and the global
reservation system.
technology fee income
income received from hotels under franchise
and management agreements for the use
of IHG’s Guest Reservation System.
total gross revenue
total rooms revenue from franchised hotels
and total hotel revenue from managed,
owned and leased hotels. Other than owned
and leased hotels, it is not revenue wholly
attributable to IHG, as it is mainly derived
from hotels owned by third parties.
Total Shareholder Return or TSR
the theoretical growth in value of a
shareholding over a period, by reference
to the beginning and ending share price,
and assuming that dividends, including
special dividends, are reinvested to
purchase additional units of the equity.
UK
the United Kingdom.
UK GAAP
United Kingdom Generally Accepted
Accounting Practice.
US
the United States of America.
US 401(k) Plan
the Defined Contribution 401(k) plan.
US Deferred Compensation Plan
the Defined Contribution Deferred
Compensation Plan.
US dollars, US$, $ or ¢
the currency of the United States of America.
working capital
the sum of inventories, receivables and
payables of a trading nature, excluding
financing and taxation items.
STRATEGIC REPORT GOVERNANCE GROUP FINANCIAL STATEMENTS ADDITIONAL INFORMATIONPARENT COMPANY FINANCIAL STATEMENTS
177IHG Annual Report and Form 20-F 2015