Exam 2: The Hotel Business

The Greenbrier, the Halekulani and the Ritz Carlton Kapalua are all examples of

In franchising the franchisee is granted rights to

Hotels may be classified by

An organization that rates and classifies hotels and awards them Diamonds is the

List the six main types of hotels by price segment and give two examples of each. Outline a general profile of the typical customer for each segment.

The fastest growing segment of the travel industry is

Examples of hotel location include

Mixed-use hotel development indicates that

All of the following are benefits of a city center hotel EXCEPT:

Corporations that operate a hotel without capital outlay in exchange for a percentage of gross sales are known as

Franchising hotels was begun in 1907 by

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.

Examples of hotel level of service classification include

Examples of hotel price classification include

List five factors involved in the growth of franchising.

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

List and describe/provide examples of the five ways in which hotels are classified.

Purchasing the right to use a company's trademark and copyrighted materials is known as

Marriott builds a hotel for $34 million and sells it to a banking firm for $52 million. Marriott charges the banking firm 2-4 % of gross revenues to operate the hotel. This business transaction is known as

Franchising is