Who creates a competitive set for a chain hotel?
a. Only the General Manager
b. Only the Sales and Marketing Managers
c. It is a joint effort involving many stakeholders
d. Only the Revenue Manager
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c. It is a joint effort involving many stakeholders
Markets and tracts are created based on what two determining factors?
a. Number of hotels and population
b. Geographic size and participation
c. Geographic size and population
d. Number of hotels and participation
,Give this one a try later!
d. Number of hotels and participation
there are many companies that own multiple hotels
Give this one a try later!
owner
Which is a true statement about independent hotels?
a. Independent hotels may never be managed by an outside entity.
b. Independent hotels are not affiliated with a specific chain.
c. Independent hotels are mostly Luxury Class hotels in Urban Locations with more
than 150 rooms.
d. Chain hotels outnumber independent hotels in every country of the world.
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b. Independent hotels are not affiliated with a specific chain.
What is a Reverse Comp Set?
a. Properties that you previously have included in your comp set.
b. Properties that have recently changed affiliations.
c. Properties that name your hotel in their competitive set.
d. Properties that have seen a significant decline in occupancy.
, Give this one a try later!
c. Properties that name your hotel in their competitive set.
When can a competitive set be changed?
a. Only when a hotel has a new general manager
b. Only if your hotel has changed affiliations
c. At any time, although many wait until the beginning of the year
d. Only at the beginning of the year
Give this one a try later!
c. At any time, although many wait until the beginning of the year
When can a competitive set be created?
a. A competitive set may be created on the one year anniversary of a hotel's opening.
b. A competitive set may be created while the hotel is under construction.
c. A competitive set may be created three months before a hotel opens.
d. A competitive set may be created once the hotel has opened.
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b. A competitive set may be created while the hotel is under construction.
Comp sets are used for many purposes in hotel operations, which of the following is
one of these purposes?
a. Comp sets can have an effect on a general managers compensation.
b. Comp sets can be used in management contracts for performance requirements.
a. Only the General Manager
b. Only the Sales and Marketing Managers
c. It is a joint effort involving many stakeholders
d. Only the Revenue Manager
Give this one a try later!
c. It is a joint effort involving many stakeholders
Markets and tracts are created based on what two determining factors?
a. Number of hotels and population
b. Geographic size and participation
c. Geographic size and population
d. Number of hotels and participation
,Give this one a try later!
d. Number of hotels and participation
there are many companies that own multiple hotels
Give this one a try later!
owner
Which is a true statement about independent hotels?
a. Independent hotels may never be managed by an outside entity.
b. Independent hotels are not affiliated with a specific chain.
c. Independent hotels are mostly Luxury Class hotels in Urban Locations with more
than 150 rooms.
d. Chain hotels outnumber independent hotels in every country of the world.
Give this one a try later!
b. Independent hotels are not affiliated with a specific chain.
What is a Reverse Comp Set?
a. Properties that you previously have included in your comp set.
b. Properties that have recently changed affiliations.
c. Properties that name your hotel in their competitive set.
d. Properties that have seen a significant decline in occupancy.
, Give this one a try later!
c. Properties that name your hotel in their competitive set.
When can a competitive set be changed?
a. Only when a hotel has a new general manager
b. Only if your hotel has changed affiliations
c. At any time, although many wait until the beginning of the year
d. Only at the beginning of the year
Give this one a try later!
c. At any time, although many wait until the beginning of the year
When can a competitive set be created?
a. A competitive set may be created on the one year anniversary of a hotel's opening.
b. A competitive set may be created while the hotel is under construction.
c. A competitive set may be created three months before a hotel opens.
d. A competitive set may be created once the hotel has opened.
Give this one a try later!
b. A competitive set may be created while the hotel is under construction.
Comp sets are used for many purposes in hotel operations, which of the following is
one of these purposes?
a. Comp sets can have an effect on a general managers compensation.
b. Comp sets can be used in management contracts for performance requirements.
