Hotel industry - Study guides, Revision notes & Summaries

Certification in Hotel Industry Analytics (CHIA) Questions And Answers Certification in Hotel Industry Analytics (CHIA) Questions And Answers

The competitive set report in a monthly STAR Report shows what information? - ANSWER-18 months of monthly data and 3 years of YTD, running 3-month, and running 12-month data What does the line graph at the top of the competitive set report in a monthly STAR Report show? - ANSWER-Index values for occupancy, ADR, and RevPAR Hotels and hotel companies outside the U.S. may receive STAR Reports in what currency? - ANSWER-Local currency, U.S. dollars, or a third currency (the company gets to dec...

CHAPTER Version A I. True or _________ 1. _________ 2. _________ 3. _________ 4. _________ 5. known as suppliers. II. Write down the letter of the answer that best answers the question or completes the statement. _________ 6. The term VFR travel refers to: A. Visiting Friends and Relatives B. Very Frequent Reservations C. Very Favorable Restrictions D. Trick question: VFR refers to nothing _________ 7. Which of the following is not a sector of the travel industry? A. Corporate t...

ACCOUNTING ESSENTIALS FOR HOSPITALITY MANAGERS 4TH EDITION CHRIS GUILDING, KATE MINGJIE JI TEST BANK Chapter 1: Introduction: Hospitality Decision Makers’ Use of Accounting 1. Which of the following is not an example of a sector that can be classified within the hospitality industry? A. Cruise liners B. Country and sports clubs C. Pubs and bars D. Fast-food outlets E. All of the above can be classified within the hospitality industry 2. Which of the following statements is not...

Alabama AdjusterPro Exam for P&C with WC and Crop (2023) Alabama AdjusterPro Exam for P&C with WC and Crop (2023) 1: Incorrect Indemnification may include all of the following except: reimbursement for hotel costs. reimbursement for rental car costs. Answer Given payment for repairs to property. Actual Answer payment for pain and suffering. 2: Correct What is a reserve, in insurance terms? The amount of revenue that the insurer sets aside to pay employee s...

what is the industry term used to describe the sum of prices paid by a business's customers? -daily receipts -profit -profits less expenses -total revenues -total revenues historically, what concept have hospitality managers chiefly used to calculate their selling prices? -income -revenue -costs -profits -costs what is an algebraic equivalent of the formula: sales=costs+profit? -profit=sales-costs -costs=sales+profits -costs=profit-sales -prof...

Test Bank For Accounting Essentials for Hospitality Managers, 4e Chris Guilding, Kate Mingjie Ji-Which of the following is not an example of a sector that can be classified within the hospitality industry? A. Cruise liners B. Country and sports clubs C. Pubs and bars D. Fast-food outlets E. All of the above can be classified within the hospitality industry 2. Which of the following statements is not true? A. Designing a large hotel’s organisational structure and accounting system is c...

mgmt principles of managements Canadian - test banks, Chapter 2 Organizational Environments and Cultures MULTICHOICE 1. What are the two types of external organizational environments? (A) general and specific (B) public and private (C) global and national (D) organizational and interpersonal Answer : (A) 2. Which of the following environments affects all organizations? (A) the global environment (B) the national environment (C) the general environment (D) the formal environment Answer :...

100% SOLUTIONS FOR DTM3704... QUESTIONS ASKED The city of Barcelona welcomes an exceptionally large number of tourists every year. According to the good principles of tourism practice, this is unacceptable because every destination must set a limit to the amount of tourists it receives. What kind of negative impact does this refer to? During the development of the city of Barcelona, a large number of tourism components were used and a considerable amount of money was spent by the Spanish ...

What is bigger in the tourism industry, fixed costs or variable costs? fixed costs are bigger -Think of an airplane: staffing, airport fees (fixed) - huge amount of the costs for airplanes come from fixed costs; food, fuel (variable) - not as easy to determine the variable costs We can reduce prices (even below total cost per room), as long as the reduced price covers, fixed cost per room or variable cost per room? We can reduce prices as long as the reduced price covers the variable ...