Lodging Management Exam 1 Questions with Complete Solutions.
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Course
Lodging Management
Institution
Lodging Management
lodging industry - Correct Answer all the businesses that provide overnight accommodations for guests
hotelier - Correct Answer the owner/manager of one or more hotels
market - Correct Answer the potential customers for a business's products and services
value - Correct Answer the price pa...
Lodging Management Exam 1 Questions with
Complete Solutions.
lodging industry - Correct Answer all the businesses that provide overnight
accommodations for guests
hotelier - Correct Answer the owner/manager of one or more hotels
market - Correct Answer the potential customers for a business's products and services
value - Correct Answer the price paid to rent a room relative to the quality of the room and
services received
full service hotel - Correct Answer a lodging facility that offers complete food and beverage
services
limited service hotel - Correct Answer a lodging facility that offers no, or very restricted,
food and beverage services
convention hotel - Correct Answer lodging property with extensive and flexible meeting
and exhibition spaces that markets to associations, corporations, and other groups
bringing people together for meetings.
conference center - Correct Answer a specialized hospitality operation specifically
designed for and dedicated to the needs of small and medium sized meetings (20-100)
people
ADR - Correct Answer total revenue/total number of rooms sold
occupancy rate - Correct Answer total rooms sold/total rooms available (expressed as a
percentage)
RevPAR - Correct Answer ADR x Occupancy rate
GOPPAR - Correct Answer gross operating profit/rooms available to sell
tourism industry includes - Correct Answer hospitality (lodging and F&B), retail,
transportation services, destination sites
category for hotels - Correct Answer the rate, services offered, product offering (soap
used, shower size, etc.)
what were hotels originated around - Correct Answer transportation
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