While several forces working together have dissolved national borders for industry and finance, what is
the most influential of these forces? - Answers The most influential force in the dissolution on national
borders is the increasing flow of communication.
In which countries would domestic travel be expected to exceed international travel? - Answers
Developed countries are expected to exceed international travel.
What worldwide demographic factors is likely to reduce the family vacation market? - Answers Longer
school years are likely to reduce the family vacation market.
The majority of hotel stock remains in the hands of small, family businesses in what country? - Answers
The majority of hotel stock in EUROPE remains in the hands of small, family businesses.
Who represent the most price-sensitive segment of the travel market? - Answers Pleasure travelers
represent the most price-sensitive segment of the travel market.
In the late 1950s, what was mass demands in Western Europe for tour packages to new resort
destinations stimulated by? - Answers It was stimulated by the growth of the air travel industry.
Before the 1960s, what was international hotel development activity focused on? - Answers They
focused on gateway cities and world capitals.
What were the barriers to international hotel expansion in Europe? - Answers The high cost of
construction, well-established domestic chains, and planning restrictions.
What had a significant impact on the international hotel industry in the Middle East? - Answers Oil
prices had a significant impact on the international hotel industry in the Middle East.
What region did InterContinental first expand? - Answers InterContinental first expanded in Latin
America & Carribean.
What is the oldest hotel chain in India? - Answers The oldest hotel chain in India in Taj Group.
What is Thailand's first and still largest lodging chain? - Answers Thailand's first lodging chain and still its
largest is Dusit Thani.
What is an advantage of airline-hotel linkages? - Answers An advantage of airline-hotel linkages is the
potential for increasing market share.
What do many analysts predict will happen to newer lodging companies? - Answers They predict that
newer lodging companies will be squeezed out by bigger chains or acquired by mega-chains.
Regarding fire safety standards for hotels, how do regulations vary? - Answers Regulations vary
considerably from country to country and even from city to city.
, What is the priority function of the World Tourism Organization? - Answers The priority function of the
WTO is to educate and train.
What activity are the national tourism organizations frequently involved in? - Answers They are involved
in official tourism representation at the national and international levels.
What have development countries indicate that the greatest benefit of involvement with international
hotel companies is? - Answers The increase of tourism development.
What is NOT of primary concern to the governments of developing countries? - Answers Hotel
profitability is not of primary concern to the governments of developing countries.
What is an example of an ownership risk present in a foreign hotel investment? - Answers An ownership
risk present in a foreign hotel investment is creeping expropriation.
What does a sound crisis plan will always focus on first? - Answers A sound crisis plan will always focus
on human safety first.
How do the payback of investment for hotel projects differ from paybacks for other types of
investments? - Answers The payback of investment for hotel projects is generally SLOWER than
paybacks for other types of investments.
In order to obtain a loan, an international hotel project typically have? - Answers An international hotel
project must have a nationally international recognized hotel affiliation.
What are the projects that foreign investors tend to prefer? - Answers Foreign investors tend to prefer
properties affiliated with luxury chains.
What must hotels do if they are to obtain financing from the International Finance Corporation? -
Answers The hotels must expand the Tourism market for the destination for new hotel projects.
What is an example of a government incentive designed to reduce the capital outlay for a hotel project?
- Answers Interest relief subsidies is an example of a government incentive.
What is raising capital by offering current shareholders additional shares at a discount from the market
price called? - Answers Rights issue
What is the most common method for publicly listed and private hotel companies to raise capital is
through? - Answers The common method is through borrowing.
What are non-recourse finance not been very common is Asia? - Answers It's not common because they
prefer equity financing.
How has the use of foreign tax credits changed? - Answers The use of foreign tax credits has become
increasingly complex.