Submarkets - Study guides, Class notes & Summaries

1) Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Accor Hotels 2) Which is a true statement about Parent Companies? - Parent Companies and the related chains have changed over time 3) What are the three different operation types? - Chain Management, Franchise, Independent 4) Which is a true statement about independent hotels? - Independent hotels are not affiliated with a specific chain 5) Which is a true stateme...

Champion Real Estate Property Management Exam with 100% Correct Answers | Verified & Updated 2024 4 Phases of a Business cycle - Answer ️️ -1. Prosperity 2. Recession 3. Contraction 4. Recovery When is Equilibrium reached? - Answer ️️ -when demand equals supply General Business Economy and Real Estate Economy are _______? - Answer ️️ -Cyclical Does the Real Estate Cycle or General economic cycle move faster? - Answer ️️ -Real Estate Cycle moves slower A thorough Propert...

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organization - Answer- company, firm, etc. market - Answer- all people/organizations who want or need to buy a product marketing concept - Answer- customer-oriented business philosophy that focuses on customer satisfaction marketing functions - Answer- 1. environmental analysis 2. consumer analysis 3. product planning 4. price planning 5. promotion planning 6. physical distribution (place) planning marketing mix - Answer- combination of product, price, promotion, and physical di...

How many hotels in the world are in the STR Census database? - 172,000+ How many US hotels are in the Census database? - 52,000 How many US hotels are in the Hotel database? - 30,000 hotels What hotels are in the hotel database? - 95% of chain hotels + 2,000 independents What is the difference between Census and Hotel databases? - The Census database contains basic information about each hotel, whereas the hotel database consists only of properties who share their rooms revenue, rooms avai...

Market - Answer Group of potential customers with similar needs who are willing to exchange something of value with sellers offering various goods or services. Generic market - Answer Market with BROADLY similar needs, and sellers offering various, OFTEN DIVERSE, ways of satisfying those needs. Product-market - Answer Market with VERY similar needs and sellers offering various CLOSE SUBSTITUTE ways of satisfying those needs. Market segmentation - Answer Two-step process of 1) ...

CHIA Exam Study Guide with Latest Solutions Major Geographic Categories - answer-World -Continent -Sub-Continent -Country -Market -Tract or Submarket Continents - answer-4 -Americas, Europe, Mideast/Africa and Asia Pacific Sub-Continents - answer-4 for each continent When it comes to recognizing countries... - answerSTR uses the UNWTO definition ______ countries with one or more hotels - answer211 ______ countries with 50,000 rooms or more - answer42 Territories such as the U.S. Vi...

Which is a true statement regarding geographic categorization? -STR uses the UNWTO definitions when it comes to recognizing countries -General managers of hotels do not need to know geographic categories -The hotel industry uses seven continents to categorize hotels -STR geographic categories are limited to North America - Answer STR uses the UNWTO definitions when it comes to recognizing countries In descending order of geographic size, which option below is correct? -Continent, Sub-c...

REAL 4000 Test 2 (UGA Martin) Exam Questions and Answers | Already Passed Two real estate markets - the market for land and the market for space the market for land - the market where those who supply space compete with each other for locations the market for space - the market where property owners compete with each other for users of space submarkets - single, multifamily, office, retail, industrial, hospitality demand - the value of urban land is almost completely determined by ____...

CHIA Exam 1 | 100% Correct Answers | Verified | Latest 2024 Version 1) Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Accor Hotels 2) Which is a true statement about Parent Companies? - Parent Companies and the related chains have changed over time 3) What are the three different operation types? - Chain Management, Franchise, Independent 4) Which is a true statement about independent hotels? - Independ...