STR Exam (correctly answered) latest 2023| 100% Verified

STR Exam (correctly answered) latest 2023| 100% Verified Which one is a parent company? a. Hampton Inn b. Motel 6 c. Choice d. Holiday Inn Express - correct answer c. Choice Which is a true statement about parent companies? a. Management companies have contracts where they receive payment for their services and/or some portion of profits b. Management companies many only manage one chain c. Management companies will always own the hotels they manage d. Management companies serve the exact same role as asset management companies - correct answer A. Management companies have contracts where they receive payment for their services and/or some portion of profits Which one of the following is an accurate statement regarding Scale and Class groups and a single chain? a. A Ritz Carlson hotel in the US can be in one Scale group and a Ritz Carlton hotel in Japan can be in a different Scale Group b. A Ritz Carlson hotel in the US can be in one Class group and a Ritz Carlton hotel in Japan can be in a different Class group c. A Ritz Carlson hotel will always be in the same Scale and Class groups in every country throughout the world d. A Ritz Carlson may choose which Scale and which Class they are in - correct answer c. A Ritz Carlson hotel will always be in the same Scale and Class in every country throughout the world Which one of the following is an accurate statement regarding class groups? a. The names of the class group are very different than the names of the scale groups b. Class groups are more popular and relevant in North America rather than outside North America c. Independent hotels are slotted into class groups based upon the ADR of the independent hotel compared to the chain hotels in the same market d. Once an independent hotel is slotted into a class group, it will never change - correct answer c. Independent hotels are slotted into class groups based upon the ADR of the independent hotel compared to the chain hotels in the same market Which is not a valid non-geographic category? a. Extended stay b. Boutique c. Guest Satisfaction Rating