Traditional Culture Encyclopedia - Hotel accommodation - What do YOY and LFL mean in hotel data respectively?

What do YOY and LFL mean in hotel data respectively?

Yoy is the ratio of this year to the same period last year.

Lfl refers to a comparison in which every item (condition) is consistent. For example, at the same time, the same store, the same merchandise department, compare the inventory level.

Hotels (also known as hotels, hotels, inns, guest houses, business trips, inns, hotels in China, and hotels in Malaysia and Singapore) are basically defined as business organizations that provide safe and comfortable spaces for users to have a short rest or sleep.

Generally speaking, it is a place for guests to stay and eat. Specifically, a hotel is an organization that provides services to its guests through the sale of rooms, restaurants and comprehensive service facilities, taking its buildings as evidence, so as to obtain economic benefits. The hotel mainly provides accommodation services, living services and facilities (bedtime services), catering, games, entertainment, shopping, business centers, banquets and conferences for tourists.

The basic equipment of a hotel room includes bed, wardrobe, coffee table, telephone, TV and alarm clock. There is also a refrigerator with all kinds of drinks, wine and snacks. All these things need to be charged and paid at checkout. The room is also equipped with an electric kettle, cups and coffee, tea bags, milk, sugar and so on for guests to use. Except for very cheap hotels, rooms usually have separate bathrooms with toilets, bathtubs and showers. More advanced hotels also have internet access, which may require an extra charge.