Most of the entities below are classified as "Chains". Which one is a "Parent Company"
consisting of multiple chains?
A. Hampton Inn
B. Radisson
C. Accor
D. Holiday Inn Express – answer Accor
Which is a true statement about Parent Companies?
A. Parent Companies and the related chains have changed over time
B. Parent Companies must consist of no more than five chains
C. Parent Companies can only consist of chains in a single Scale
D. Parent Companies can only have hotels in a single country – answer A. Parent
Companies and the related chains have changed over time
What are the three different operation types?
A. Corporate, Managed, Independent
B. Managed, Franchise, Independent
C. Managed, Clustered, Independent
D. Chain Management, Franchise, Independent – answer D. Chain Management,
Franchise, Independent
Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain
B. Chain hotels outnumber independent hotels in every country of the world
C. Independent hotels are mostly Luxury Class hotels in Urban Locations with more
than 150 rooms
D. Independent hotels may never be managed by an outside entity – answer A.
Independent hotels are not affiliated with a specific chain
Which is a true statement about Management Companies?
A. Management companies have contracts where they receive payment for their
services and/or some portion of profits
B. Management companies may manage only one chain
C. Management companies will always own the hotels they manage
D. Management companies serve the exact same role as asset management
companies – answer A. Management companies have contracts where they receive
payment for their services and/or some portion of profits
Which is a true statement regarding geographic categorization?
A.STR geographic categories are limited to North America
B.STR uses the UNWTO definitions when it comes to recognizing countries
, C.General managers of hotels do not need to know geographic categories
D.The hotel industry uses seven continents to categorize hotels - answerB.STR uses
the UNWTO definitions when it comes to recognizing countries
Which is a true statement regarding markets?
A.Markets include hotels that are in big cities, not rural areas
B.A country would never have more than 100 markets and never have less than 2
markets
C.No market will ever cross country boundaries
D.There is another name for Markets outside the U.S. - answerC.No market will ever
cross country boundaries
In descending order of geographic size, which option below is correct?
A.Continent, Sub-Continent, Country, Submarket, Market
B.Continent, Country, Sub-Continent, Submarket, Market
C.Continent, Sub-Continent, Market, Country, Submarket
D.Continent, Sub-Continent, Country, Market, Submarket - answerD.Continent, Sub-
Continent, Country, Market, Submarket
Which two geographic categories are the most important for a hotel GM?
A.Region and market
B.Market and submarket
C.Region and submarket
D.Country and submarket - answerC.Market and submarket
Markets and submarkets are created based on what two determining factors?
A.Geographic size and population
B.Geographic size and participation
C.Number of hotels and participation
D.Number of hotels and population - answerC.Number of hotels and participation
Which is a true statement regarding submarkets?
A.A submarket may represent a small city in a rural market
B.Submarkets are not used all over the world
C.Submarkets are geographic sub-divisions of a region
D.A country will never have more than 100 submarkets - answerC.Submarkets are
geographic sub-divisions of a region
Changes to how markets and submarkets are geographically defined are generally
made how often?
A.Monthly
B.Annually
C.Every five years
No regular schedule - answerB.Annually
Which two non-geographic categories are the most important for a hotel GM?
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 julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $17.49. You're not tied to anything after your purchase.