Exam 2: The Hotel Business

List five factors involved in the growth of franchising.

Examples of hotel level of service classification include

Casino hotels

In this type of "ownership" investors do not pay corporate income tax,however they distribute the majority of net income to shareholders,and are publicly traded.

City center,resort,airport and freeway are all examples of hotels being classified by

Airport hotels

Hotel companies are increasingly opting for ________ because considerably less capital is tied up in managing as compared to ownership.

Of the ten hotel classifications,select five and give a general description of the types of hotels in each segment.Be sure to include price,location,and degree of service and target market.

Examples of hotel location include

The lack of operational power,high fees,low percentage of reservations from the central reservation system are all ________ of franchising.

In order to determine if a hotel development project would likely succeed,we would perform a

Hotels that are a cross between a chain and a marketing group for independent hotels are classified as

As the hotel industry matures,corporations are either acquiring or merging with each other.This is