Outdoor Hospitality Glossary
Industry terms explained in plain language. Browse definitions for glamping, RV resorts, campgrounds, feasibility studies, and appraisals.
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30-Amp Service
RV & CampgroundStandard RV electrical service providing 3,600 watts of power (30 amps × 120 volts), sufficient for most RVs and travel…
Read more50-Amp Service
RV & CampgroundHigh-capacity RV electrical service providing 12,000 watts of power (50 amps × 240 volts, or two 50-amp × 120-volt…
Read moreA
A-Frame
GlampingA triangular-shaped glamping structure with steeply angled sides that meet at the top, forming the letter 'A',…
Read moreADR (Average Daily Rate)
FinancialThe average revenue earned per occupied accommodation unit per day, calculated by dividing total room revenue by the…
Read moreAirstream
GlampingA brand of iconic streamlined, silver aluminum travel trailers known for their distinctive rounded shape, often…
Read moreAmenities
GeneralFeatures, facilities, and services provided by outdoor hospitality properties to enhance guest experience, including…
Read moreAppraisal
Feasibility & AppraisalA professional assessment of a property's value conducted by a certified appraiser, used for financing, sales,…
Read moreARDR (Average Retail Daily Rate)
FinancialThe average listing price shown on websites and marketplaces for accommodation units, representing the advertised rate…
Read moreB
Back-In Site
RV & CampgroundAn RV or camping site that requires drivers to reverse their vehicle into the parking space, typically more compact…
Read moreBell Tent
GlampingA circular canvas tent supported by a single central pole, with a design resembling a bell, providing a spacious…
Read moreBreak-Even Analysis
FinancialA financial analysis that determines the point at which total revenue equals total expenses, indicating when a property…
Read moreBubble Tent
GlampingA spherical or pod-shaped transparent glamping shelter—usually air-supported PVC or similar—with clear walls and…
Read moreC
Cabin
GlampingA small house, typically made of wood, situated in a natural setting, ranging from rustic to luxurious and providing…
Read moreCampground
RV & CampgroundAn outdoor facility providing spaces for tent camping and sometimes RVs, typically with basic amenities like restrooms,…
Read moreCanvas Tent
GlampingA tent made from heavy-duty canvas material, known for durability and breathability, used in glamping to provide…
Read moreCap Rate (Capitalization Rate)
FinancialThe rate of return on a real estate investment based on expected income, calculated by dividing net operating income by…
Read moreCash Flow
FinancialThe net amount of cash and cash equivalents moving into and out of a property, representing the actual cash generated…
Read moreCash-on-Cash Return
FinancialThe annual return on the actual cash invested in a property, calculated by dividing annual pre-tax cash flow by total…
Read moreComparable Sales
Feasibility & AppraisalSimilar properties that have recently sold, used as benchmarks to determine a property's market value in the sales…
Read moreCompetitive Analysis
Feasibility & AppraisalAn assessment of competing properties and businesses in the market to understand competitive positioning, pricing, and…
Read moreConstruction Costs
Real EstateThe cost to build structures, facilities, and improvements on a property, including materials, labor, and contractor…
Read moreConverted Container
GlampingA glamping accommodation created from repurposed shipping containers, converted into comfortable living spaces with…
Read moreCost Approach
Feasibility & AppraisalA property valuation method that estimates value based on the cost to replace or reproduce the property, minus…
Read moreCovered Wagon
GlampingA replica of traditional Conestoga wagons used during American westward expansion, adapted as stationary glamping…
Read moreD
DCF (Discounted Cash Flow)
FinancialA valuation method that estimates property value by discounting projected future cash flows to their present value.
Read moreDebt Service Coverage Ratio (DSCR)
FinancialFor campground, glamping, and RV resort financing: NOI divided by annual debt service—lenders use DSCR to stress-test…
Read moreDevelopment Costs
Real EstateThe total cost to develop a property from raw land to operational outdoor hospitality facility, including land…
Read moreDome
GlampingA geodesic dome structure composed of a network of triangles, providing a spherical glamping accommodation known for…
Read moreDue Diligence
Real EstateA comprehensive investigation and analysis of a property before purchase, including legal, financial, environmental,…
Read moreDump Station
RV & CampgroundA facility at RV parks and campgrounds where RVers can empty their black water (sewage) and gray water (wastewater)…
Read moreE
Easement
Real EstateA legal right to use another person's property for a specific purpose, such as access roads, utility lines, or shared…
Read moreEBITDA
FinancialEarnings Before Interest, Taxes, Depreciation, and Amortization - a measure of operating profitability that excludes…
Read moreEntitlement
Real EstateThe legal right to develop a property for a specific use, obtained through zoning approvals, permits, and regulatory…
Read moreF
Feasibility Study
Feasibility & AppraisalA comprehensive analysis that evaluates the viability, market potential, and financial prospects of a proposed outdoor…
Read moreFF&E (Furniture, Fixtures & Equipment)
Real EstateMovable furniture, fixtures, and equipment used in outdoor hospitality operations, including beds, linens, appliances,…
Read moreFloating Cabin
GlampingA cabin structure built on a floating platform or pontoon system, positioned on lakes, rivers, or other bodies of…
Read moreFull Hookup
RV & CampgroundAn RV or camping site that provides connections for water, sewer, and electrical service, allowing for complete…
Read moreG
Glamping
GlampingA combination of 'glamorous' and 'camping,' glamping refers to luxury outdoor accommodations that combine the…
Read moreGlamping Pod
GlampingA small, insulated, permanent or semi-permanent glamping accommodation structure, typically featuring a compact design…
Read moreGlamping Resort
GlampingA commercial outdoor accommodation destination featuring standalone glamping units with bedding and linens, ranging…
Read moreGross Revenue
FinancialThe total income generated by a property from all revenue sources before deducting any expenses, including room…
Read moreH
I
Impact Fees
Real EstateOne-time fees charged by local governments to developers to offset the cost of public infrastructure and services…
Read moreIncome Approach
Feasibility & AppraisalA property valuation method that determines value based on the property's income-generating potential, typically using…
Read moreInflatable Tent
GlampingAn inflatable, transparent tent structure made from clear PVC or similar material, providing 360-degree views of the…
Read moreInfrastructure
Real EstateThe fundamental facilities and systems required for outdoor hospitality operations, including utilities (water, sewer,…
Read moreIRR (Internal Rate of Return)
FinancialFor outdoor hospitality investments (glamping, RV resorts, campgrounds): the annualized discount rate that sets the net…
Read moreL
Landscape Hotel
GlampingA hospitality concept where buildings and guest structures are designed to blend into the natural terrain—often…
Read moreLoan-to-Value Ratio (LTV)
FinancialA financial ratio that expresses the amount of a loan as a percentage of the property's appraised value or purchase…
Read moreM
Market Analysis
Feasibility & AppraisalA comprehensive evaluation of market conditions, demand, competition, and trends that informs business decisions for…
Read moreMirror Cabin
GlampingA modern architectural glamping structure featuring mirrored exterior walls that reflect the surrounding environment,…
Read moreO
Occupancy Rate
FinancialThe percentage of available accommodation units that are occupied during a specific period, calculated by dividing…
Read moreOperating Expenses
FinancialThe ongoing costs required to operate a property, including utilities, maintenance, insurance, management, and other…
Read moreOperating Margin
FinancialA profitability ratio that measures the percentage of revenue remaining after operating expenses, calculated by…
Read moreOTA (Online Travel Agency)
GeneralThird-party booking platforms such as Booking.com, Expedia, or Airbnb that list accommodations, process reservations,…
Read moreOutdoor Hospitality
GeneralThe industry segment encompassing accommodations and experiences in outdoor settings, including glamping resorts, RV…
Read moreP
Park Model RV
RV & CampgroundA recreational vehicle–style unit built on a chassis but typically intended for long-term or seasonal placement in an…
Read morePayback Period
FinancialThe length of time required for an investment to recover its initial cost through cash flows or profits, expressed in…
Read morePermitting
Real EstateThe process of obtaining official government approvals and permits required to develop, construct, and operate outdoor…
Read morePhase Development
Real EstateA staged approach to property development where construction occurs in multiple phases over time, allowing for gradual…
Read morePrimitive Camping
RV & CampgroundA form of camping that involves minimal facilities and amenities, typically offering only basic necessities like a…
Read morePro Forma
FinancialFinancial projections or statements that show expected future performance based on assumptions and estimates, rather…
Read moreProperty Management
GeneralThe day-to-day operations, maintenance, and oversight of outdoor hospitality properties, including guest services,…
Read morePull-Through Site
RV & CampgroundAn RV or camping site designed to allow vehicles to enter from one direction and exit from the opposite direction…
Read moreR
Revenue Management
FinancialThe strategic practice of optimizing pricing, inventory, and distribution to maximize revenue and profitability for…
Read moreRevenue Projections
Feasibility & AppraisalForecasted income estimates for a property based on occupancy rates, average daily rates, and other revenue sources…
Read moreRevPAR (Revenue Per Available Room)
FinancialA key hospitality metric calculated by multiplying average daily rate (ADR) by occupancy rate, representing revenue per…
Read moreROI (Return on Investment)
FinancialA performance measure that calculates the percentage return on an investment relative to its cost.
Read moreRV Pad
RV & CampgroundA level surface, typically made of concrete, asphalt, or gravel, where an RV is parked at a campsite, providing…
Read moreRV Park
RV & CampgroundA facility providing spaces for recreational vehicles with basic to full amenities including electrical, water, and…
Read moreRV Resort
RV & CampgroundA high-end RV park offering premium amenities, services, and facilities for recreational vehicle travelers, typically…
Read moreS
Safari Tent
GlampingA large, rectangular canvas tent with straight vertical walls and a peaked roof, often built on a raised platform,…
Read moreSeasonal Site / Annual Site
RV & CampgroundAn RV or outdoor hospitality site rented for an extended period—commonly a full season or year—rather than by the…
Read moreSeasonality
GeneralThe variation in demand, occupancy, and revenue for outdoor hospitality properties based on seasonal factors like…
Read moreShepherd's Hut
GlampingA traditional British mobile structure originally used by shepherds, featuring a curved roof, wooden construction, and…
Read moreShore Power
RV & CampgroundElectrical power connection provided at RV sites, allowing RVs to connect to the electrical grid instead of relying…
Read moreShort-Term Rental (STR)
GeneralA furnished accommodation rented for short stays—often defined by local ordinance as under 30 days—frequently listed on…
Read moreSite Development
Real EstateThe process of preparing raw land for development, including clearing, grading, infrastructure installation, and site…
Read moreSlip / Marina Berth
RV & CampgroundA designated mooring space at a dock or marina where a boat is kept—rented nightly, seasonally, or annually—often…
Read moreT
Tiny Home
GlampingA compact, stand-alone house typically measuring no more than 400 square feet, designed for efficient living and…
Read moreTipi
GlampingA conical tent traditionally used by Native American tribes, constructed with a framework of wooden poles covered by…
Read moreTransient Occupancy Tax (TOT) / Lodging Tax
GeneralA local tax on short-stay lodging collected from guests (or remitted by operators), known as TOT, bed tax, hotel tax,…
Read moreTreehouse
GlampingA structure built among the branches or around the trunk of a tree, elevated above the ground, providing a unique and…
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