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T/F: Segmentation includes the process of understanding your transient mix of
business within a group of more defined segments, sometimes referred to as
market or sub segments. -ANSWERS-True
The transient segment would included the following customers: -ANSWERS-A
tourist booking on an eChannel such as Expedia or Hotels.com, A business traveler
booking on the IBM rate, a Marriott rewards member that booked on
Marriott.com
The benefits of using One Yield for projections are: -ANSWERS-Enables a more
dynamic projection process, Improves efficiency by bringing together key metrics,
and facilitates the collection and reporting of projected business levels across the
organization.
The contract segment would include the following customers: -ANSWERS-Airline
crews, A group of business travers staying at the hotel for 6 months to conduct an
audit, A construction company that has a block of 30 rooms for one year building
an apartment complex.
If group history exists how many years of historical group data is displayed on the
group projections screen? -ANSWERS-Two previous years.
, T/F: To-Be rooms projections will automatically be adjusted each night based on.
Updated definite and tentative projections. -ANSWERS-False
Assuming today is August 16th, on what date will group projections values for
August 16th be replaced with actuals? -ANSWERS-August 18th.
Where does each property receive its actual daily data? North American based
managed Marriott, renaissance and sleet Ritz Carlton properties: -ANSWERS-
Marriott finance system.
Where does each property receive its actual daily data? Select-Service, extended
stay, and all franchise brands: -ANSWERS-Marriott's reservation data warehouse
(MRDW).
Where does each property receive its actual daily data? International managed
Marriott and renaissance properties: -ANSWERS-The LRP upload tool.
Where does each property receive actual month end or period end data? All
managed Marriott, Renaissance, and Ritz-Carlton properties: -ANSWERS-Marriott
Finance system
Where does each property receive actual month end or period end data? Select
service, extended stay, and all franchise properties: -ANSWERS-Marriott's
reservation data warehouse (MRDW).
What is the first step of completing group projections? -ANSWERS-Enter definite
and tentative projections into the respective systems.