Hospitality

ABC RBS Exam Which neighborhood quality of life issue is most affected by the overuse of alcohol? property values b. noise c. traffic congestion d. homelessness - ANS Noise Whose responsibility is it to act as gatekeeper in regard to the community's ability to obtain alcohol in public establishments? a. local law enforcement officers b. the owner of the establishment c. Alcoh...

Hospitality Revenue Management / 174 Quizzes with Certified Ans Revenue management is the act of directing sources of income within the confines of - Answer: capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - Answer: Controllable expenses Name revenue optimization strategies - Answer: Market segmentation, Duration control , BAR (Best Available Rate) What are the three different operation types - Answer: Corpora...

Hospitality Revenue Management / 174 Quizzes with Certified Ans Revenue management is the act of directing sources of income within the confines of - Answer: capacity, supply and demand GOPPAR takes into account which of the following variables that is not considered in RevPAR? - Answer: Controllable expenses Name revenue optimization strategies - Answer: Market segmentation, Duration control , BAR (Best Available Rate) The practice of a seller charging different prices to different ...

Revenue Management Exam 1/ Revenue Management for the Hospitality Industry Exam 2 & Hospitality Revenue Management Final Exam Review/ Quizzes with Certified Ans. Room Night - Answer: The single night's use of a guest room EX: 1 room sold for 3 consecutive nights yields three room nights reference price - Answer: the price perceived by consumers to be the normal price for a product of service Hard constraint - Answer: a supply constraint that cannot be removed regardless of product...

Revenue Management Exam 1/ Revenue Management for the Hospitality Industry Exam 2 & Hospitality Revenue Management Final Exam Review/ Quizzes with Certified Ans. Room Night - Answer: The single night's use of a guest room EX: 1 room sold for 3 consecutive nights yields three room nights reference price - Answer: the price perceived by consumers to be the normal price for a product of service Hard constraint - Answer: a supply constraint that cannot be removed regardless of product...

Revenue Management for the Hospitality Industry Exam 2/ 93 Q&A/ . Travel Wholesaler - Answer: A large-volume travel industry intermediary who sells to other, smaller-volume travel intermediaries Global Distribution System (GDS) - Answer: A group of companies that electronically connect travel-related businesses such as airlines and hotels with those individuals and companies seeking to buy from them Internet Distribution System (IDS) - Answer: The group of online reservation systems an...

Revenue Management for the Hospitality Industry Exam 2/ 93 Q&A/ . Travel Wholesaler - Answer: A large-volume travel industry intermediary who sells to other, smaller-volume travel intermediaries Global Distribution System (GDS) - Answer: A group of companies that electronically connect travel-related businesses such as airlines and hotels with those individuals and companies seeking to buy from them Flag - Answer: A hotel's franchise affiliation. Also commonly referred to as a brand...

Hospitality Revenue Management Final Exam (Compilation of possible final exam questions based on exams 1-4) 200 Q&A/ A+ Score Solution. Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Answer: Accor Hotels Which is a true statement about Parent Companies? - Answer: Parent Companies and the related chains have changed over time What are the three different operation types? - Answer: Chain Management, Fran...

Hospitality Revenue Management Final Exam (Compilation of possible final exam questions based on exams 1-4) 200 Q&A/ A+ Score Solution. Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Answer: Accor Hotels Which is a true statement about Parent Companies? - Answer: Parent Companies and the related chains have changed over time What are the three different operation types? - Answer: Chain Management, Fran...

Hospitality Revenue Management Final Exam Review/ 196 Quizzes & Ans. What is the industry term used to describe the sum of prices paid by a business's customers? - Answer: total revenues Historically, what concept have hospitality managers chiefly used to calculate their selling prices? - Answer: costs What is an algebraic equivalent of the formula: Sales = Costs + Profit? - Answer: profit=sales-costs What is the economic term used to describe the difference between what a consum...