Exam 2: The Hotel Business

The benefits of franchising include all of the following EXCEPT:

Mixed use hotel development indicates that a hotel

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.

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

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

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 level of service classification include

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

Airport hotels

Examples of hotel location include

The primary growth and development strategy of hotels during the 1960's was

Hotels may be classified by

List five factors involved in the growth of franchising.

Hotels that are typically furnished, have a well -stocked kitchen, and cater to guests staying for longer periods of time are

The fastest growing segment of the travel industry is

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

Discuss marketability of the sustainable hotel industry. Discuss costs versus a standard hotel, guest demographic, and the positive or negative impact in the local community.

Examples of hotel price classification include

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

You own a three star hotel in an upscale area of town and find it necessary to upgrade to four -star to be competitive in your market. List and describe how you intend to accomplish the upgrade.