RHM 175 test 2
With Complete Solutions
Graded A+
QUESTIONS AND ANSWERS
How can hotels be categorized by price?. ANSWER -Economy & budget
Mid-price
First class & luxury
Senior housing can consist of what types of units/facilities?. ANSWER -Independent-
living communities
Congregate communitites
Assisted-living facilities
Continuing care retirement communitites
What are some of the various ways hotels can be owned and operated?. ANSWER -
Independently owned & operated
Independent ly owned & leased to an operator
Owned by a single entity or group that has hired a hotel management company to operate
Owned & operated by a chain
Owned by an independent investor or group & operated by chain
Owned by an individual group & operated as a franchise of the chain
What are some characteristics of all-suite hotels? Conference centers? Timeshare
properties?. ANSWER -All-suite hotels: Have a furnished bedroom & another room that
has a foldout in place of a bed. They were mainly built for business people but serve more
than that, business people are the main target though.
Conference centers: Mainly provides conference space. For it to be classified as a conference
center, 60% of its total sales must come from conferences & 60% of the meeting space must
be devoted to meetings. Most have AV equipment that most hotels are not equipped with.
They also have catering.
, Timeshare properties: Condominiums that are sold to multiple people for fractions of the
cost. The buyers are allowed to visit the property for certain periods of time throughout the
year.
How has the hotel industry changed in recent decades?. ANSWER -1960's new locations
1970's intense competition
1980's pampering guests
1990's quality service, innovation, segmentation
2000's mergers, aquisitions, joint ventures, partnerships
In terms of new hotel projects, what are hard costs? Soft costs?. ANSWER -Hard costs are
the land, building, furniture, fixtures, & equipment (FF & E) costs,
Soft costs are are the development costs. This includes the architectural fees, pre-opening
expenses, & financing costs.
How can hotel guests be categorized?. ANSWER -They can be categorized in hotel
segments:
corporate individuals
corporate groups
convention & association groups
leisure travelers
long-term stay/relocation guests
airline-related guests
government & military travelers
regional getaway guests
What is a feasibility study, and what does it cover?. ANSWER -It is an analysis that takes
all of a projects relevant factors into account to figure the likelihood of competing a project
successfully. It includes economic, technical, legal & scheduling considerations.
What are some of the differences between a center-city hotel and a resort hotel?. ANSWER
-most guests at center-city hotels are corporate individuals & business travelers. Most
guests at resort hotels are at desirable vacation spots to relax.
With Complete Solutions
Graded A+
QUESTIONS AND ANSWERS
How can hotels be categorized by price?. ANSWER -Economy & budget
Mid-price
First class & luxury
Senior housing can consist of what types of units/facilities?. ANSWER -Independent-
living communities
Congregate communitites
Assisted-living facilities
Continuing care retirement communitites
What are some of the various ways hotels can be owned and operated?. ANSWER -
Independently owned & operated
Independent ly owned & leased to an operator
Owned by a single entity or group that has hired a hotel management company to operate
Owned & operated by a chain
Owned by an independent investor or group & operated by chain
Owned by an individual group & operated as a franchise of the chain
What are some characteristics of all-suite hotels? Conference centers? Timeshare
properties?. ANSWER -All-suite hotels: Have a furnished bedroom & another room that
has a foldout in place of a bed. They were mainly built for business people but serve more
than that, business people are the main target though.
Conference centers: Mainly provides conference space. For it to be classified as a conference
center, 60% of its total sales must come from conferences & 60% of the meeting space must
be devoted to meetings. Most have AV equipment that most hotels are not equipped with.
They also have catering.
, Timeshare properties: Condominiums that are sold to multiple people for fractions of the
cost. The buyers are allowed to visit the property for certain periods of time throughout the
year.
How has the hotel industry changed in recent decades?. ANSWER -1960's new locations
1970's intense competition
1980's pampering guests
1990's quality service, innovation, segmentation
2000's mergers, aquisitions, joint ventures, partnerships
In terms of new hotel projects, what are hard costs? Soft costs?. ANSWER -Hard costs are
the land, building, furniture, fixtures, & equipment (FF & E) costs,
Soft costs are are the development costs. This includes the architectural fees, pre-opening
expenses, & financing costs.
How can hotel guests be categorized?. ANSWER -They can be categorized in hotel
segments:
corporate individuals
corporate groups
convention & association groups
leisure travelers
long-term stay/relocation guests
airline-related guests
government & military travelers
regional getaway guests
What is a feasibility study, and what does it cover?. ANSWER -It is an analysis that takes
all of a projects relevant factors into account to figure the likelihood of competing a project
successfully. It includes economic, technical, legal & scheduling considerations.
What are some of the differences between a center-city hotel and a resort hotel?. ANSWER
-most guests at center-city hotels are corporate individuals & business travelers. Most
guests at resort hotels are at desirable vacation spots to relax.
