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LVT, or luxury vinyl tile, is a type of modular vinyl flooring. What is LVT Flooring? Short for luxury vinyl tile, LVT is designed to replicate hard surface flooring materials such as stone or wood, yet provide many more. What is LVT Flooring? An LVT floor can look like real wood or real stone and have any design printed on it, but it also offers many practical benefits. LVT stands for Luxury Vinyl Tile - a product that looks like real wood and stone flooring, but provides many more practical benefits. LVT, or luxury vinyl tile, is a type of modular vinyl flooring. LVT stands for Luxury Vinyl Tile, the tiled version of luxury vinyl sheet flooring - a more resilient vinyl material that surpasses vinyl composite tile (VCT) in.