Hotel management Study guides, Class notes & Summaries

Who is responsible for ensuring all charges are paid on the government travel card (GTC) by the statement due date? - ️️The cardholder is responsible for all charges on the GTC. According to the Privacy Act, how is your private information protected when you apply for the card? (Select all that apply) - ️️Only people who need my information have access to it. My information cannot be sold. My information cannot be given to a third party. Which travel reservation service is author...

CHIA Certification Exam Questions and Answers. What are the different kinds of affiliations a single hotel can have? -Answer- Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? -Answer- The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more -Answer- 22; 24 Most people agree that _______ was...

Hotel Revenue Management Chapters 1-6 with 100% Correct Answers | Verified | Latest Update 2024

full service hotels - Answer--complete food and beverage services -high quality guest services -major guests: corporate and leisure not sensitive to price -subsegments: 1. deluxe 2. luxury (upper upscale) 3. upscale 4. midscale with food and beverage limited service hotels - Answer--referred to as motels or motor hotels until 1990s -no restaurant or retail on the property -major guests are budget conscious -growing faster than full service hotels: ease of development, operations, high...

Hotel Revenue Management Chapters 1-6 Questions and Answers 100% Solved Revenue management, sometimes called yield management, is a set of revenue maximization strategies and tactics that: can be used to increase profitability When the American Airlines CEO developed yield management, what type of information was crucial to its success? Forecasting Which of the following statements about hotel revenue management is FALSE? Revenue mgt. is new, as are all the strategies that are employed to max...

What are the different kinds of affiliations a single hotel can have? - Answer- Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? - Answer- The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more - Answer- 22; 24 Most people agree that _______ was the first chain. - Answer- Holiday Inn...

CHIA Certification Exam Questions and Answers. What are the different kinds of affiliations a single hotel can have? -Answer- Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? -Answer- The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more -Answer- 22; 24 Most people agree that _______ was...

Why is Budgeting important? - Answer-Anticipate and prepare for future financial conditions Provide estimates of future revenues and expenses Help determine future room rates and other pricing structures Estimate financial returns on investments encourage managers to establish their own operating objectives, evaluation techniques and tools Help GM, Controller, and department heads self-evaluate financial progress controller - Answer-The individual responsible for recording, classifying, an...

CHIA Certification Exam Questions and Answers. What are the different kinds of affiliations a single hotel can have? -Answer- Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? -Answer- The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more -Answer- 22; 24 Most people agree that _______ was...

CHIA Certification Exam Questions and Answers 2024 What are the different kinds of affiliations a single hotel can have? - Answer ️️ -Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? - Answer ️️ -The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more - Answer ️️ -22; 24 Most p...