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FRA : Fire Risk Assessment . GCC : Gulf Cooperation Council .
GDP :
Gross Domestic Product , the monetary value of goods and services produced in a country in a given period of time .
GSAIR : Global Serviced Apartment Industry Report . HACCP : Hazard Analysis Critical Control Point .
HMO :
House in Multiple Occupancy , a building , or part of a building ( for example , a flat ) in which more than one household lives and shares an amenity , such as a bathroom , toilet or cooking facilities .
Home Stay : Generic term for products like Airbnb , Onefinestay , or home rental . IFRS : International Financial Reporting Standards . ISSB : International Sustainability Standards Board .
Mixed reality :
Nordics : a medium consisting of immersive computer-generated environments in which elements of a physical and virtual environment are combined .
The region consisting of Denmark , Norway , Sweden , Finland and Iceland , the Faroe Islands , Greenland and Åland .
Occupancy : |
Percentage of occupied bedrooms / apartments during a set period . |
OTA : |
Online Travel Agent ( e . g . Expedia , Booking . com ). |
PBSA : |
Purpose Built Student Accommodation . |
PMS : |
Property Management System . |
QNDC : |
Qatar National Development Council . |
Relocation :
Relocation ( also referred to as Relo ), involves permanently moving an employee , and family , to another city or country .
RFP : Request For Proposal . SEC : Securities & Exchange Commission .
Serviced apartment hotel :
Serviced living :
TMC :
Terminology used in the UAE for the classification of serviced accommodation in the issuance of licenses .
Generic term to describe the expanding number of emerging extended stay concepts . Fully furnished accommodation including kitchen facilities , with some private and communal spaces .
A Travel Management Company manages the business travel requirements of an individual or organisation , in line with their corporate travel policies , where relevant .
UAE : United Arab Emirates . UK : United Kingdom . U . S .: United States of America .
Workation :
Working in a usual mode whilst travelling . In comparison with the term digital nomad , it is generally considered to denote a less permanent state of working travel .