To specify the IANA location-type [RFC4589] designator for a VVENUE component.
location-type = "LOCATION-TYPE" "=" text CRLF
The parameter MAY be specified on a "VVENUE" component when the IANA location-type designation is available.
The following is an example of this property LOCATION-TYPE:club, bar, restaurant
Although categories and location type tokens are perhaps similar, they serve rather different purposes. Location type tokens serve to categorize a VVENUE using a well-defined, finite list of possibilities (the IANA Location Type Registry). Categories on the other hand are user-provided and user defined and have both a richness and "messiness" that allows user-created taxonomies to arise and evolve.