Principles of Lodging Management Exam 1 questions n answers

Principles of Lodging Management
Exam 1 questions n answers
Lodging Industry Segments - ANS ✔Hotels

Bed & Breakfast Inns

Camp / Park Lodges



Types of Hotels

(By service offered) - ANS ✔Full-service hotels,

Limited-service hotels,

Extended-stay hotels,

Convention hotels/Conference centers,

Resorts & timeshares



Types of Hotels

(By size) - ANS ✔Small hotels (under 75 rooms),

Medium-size hotels (75-100 rooms),

Large hotels (150-300 rooms)



ADR - ANS ✔ADR = Total Rev from Room Sales / Total # of Rooms Sold



Occupancy Rate - ANS ✔Occupancy Rate = Total Rooms Sold / Total Rooms Available



RevPAR - ANS ✔RevPAR = ADR x Occupancy Rate

, GOPARR - ANS ✔GOPARR = Gross Operating Profit / Rooms Available to Sell



Tourism Industry - ANS ✔Retail stores,

Hospitality,

Transportation services,

Destination sites



Hospitality Industry - ANS ✔Lodging segment,

Food & Beverage Segment,

Other Hospitality Operations (Private clubs, Cruise ships, Casinos)



Types of Transportation Services - ANS ✔Air lines,

Bus lines,

Trains,

Rental cars



Industry Trade Associations - ANS ✔American Hotel and Lodging Association,

Asian American Hotel Owners Association, International Hotel Restaurant Association,

Educational Institute of the American Hotel and Lodging Association



The Structure of Management Companies - ANS ✔By using name,

By size,

By participation manner



The Structure of Management Companies (By using name) - ANS ✔First Tier: