Which is a parent company consisting of multiple chains? - correct answer Choice Hotels
Which is a true statement about parent companies? - correct answer Parent companies and related chains have changed over time
What are the 3 different operation types - correct answer Corporate, Franchise,...
Which is a parent company consisting of multiple chains? - correct answer ✔✔Choice Hotels
Which is a true statement about parent companies? - correct answer ✔✔Parent companies and related
chains have changed over time
What are the 3 different operation types - correct answer ✔✔Corporate, Franchise, Independent
Which is a true statement about independent hotels? - correct answer ✔✔Independent hotels are not
affiliated with a specific chain
Which is a true statement about management companies? - correct answer ✔✔Management
companies have contracts where they receive payment for their services and some of the profits
Which is a true statement regarding geographic categorization? - correct answer ✔✔STR uses the
UNWTO definitions when it comes to recognizing countries
Which is true regarding markets? - correct answer ✔✔No market will ever cross country boundaries
in descending order of geographic size, which is correct? - correct answer ✔✔Continent, sub-continent,
country, market, tract/sub-market
which two geographic categories are the most important for a hotel GM - correct answer ✔✔Market
and tract/sub-market
markets and tracts are created based on what two determining factors - correct answer ✔✔number of
hotels and participation
, which is true regarding tracts - correct answer ✔✔tracts are referred to as sub-markets outside of north
America
Changes to how markets and tracts are geographically defined are made how often - correct answer
✔✔annually
which two non-geographic categories are the most important for a hotel GM - correct answer ✔✔scale
and class
How many scale categories are there compared to class categories - correct answer ✔✔7 scale and 6
class
which one is an accurate statement regarding scale and class groups in a single chain? - correct answer
✔✔A Ritz Carlton Hotel will always be in the same scale and class groups in every country throughout
the world
which one is an accurate statement regarding class groups - correct answer ✔✔independent hotels are
slotted into class groups based upon the ADR of the independent hotel compared to the chain hotels in
the same market
Which one is NOT a location category used by the hotel industry - correct answer ✔✔oceanfront
Which is NOT a valid non-geographic category - correct answer ✔✔guest satisfaction rating
benchmarking in the hotel industry takes place at what level? - correct answer ✔✔property level
corporate level
geographic level
comp sets are used for many purposes in hotel operations, which is one of those purposes - correct
answer ✔✔used to aid sales and marketing
used in management contracts for performance requirements
effect a GMs compensation
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller JUICYGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
