STUDY GUIDE 2026 SOLVED QUESTIONS 100%
CORRECT
◉ parent company. Answer: consist of multiple chains; "group"
◉ management company. Answer: operates a hotel for another party,
where it receives payment or a portion of profits.
◉ owner. Answer: there are many companies that own multiple hotels
◉ asset management company. Answer: represents the owner in the
operations of a hotel
◉ players in the hotel industry. Answer: chain, management company,
asset management company, owner, parent company
(low to high)
◉ 3 different operation types of STR. Answer: corporate, franchise and
independent
, ◉ corporate. Answer: chain hotel owned or manged by the chain or the
parent company
◉ franchise. Answer: chain hotel run by a third party where the chain
receives some sort of franchise fee
◉ independent. Answer: not affiliated with a chain or parent company.
varies in different areas of the world
◉ "soft brands". Answer: allow a parent company to bring independent
hotels under the company flag
e.g. autograph is a soft brand by Marriott
◉ most of the entities below are classified as "chains". which one is a
"parent company" consisting of multiple chains? Answer: accor
◉ 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: corporate,
franchise, independent
◉ which statement is true about independent hotels? Answer:
independent hotels are not affiliated with a specific chain