MIDTERM EXAM 2026 QUESTIONS AND
SOLUTIONS GUARANTEED TO PASS
◉ What is another name for a chain. Answer: Brand
◉ How many chains are there in the US? World? How many rooms does
each one have. Answer: 24 chains in the US with over 50,000 rooms or
more
28 chains in the world with over 75,000 rooms
◉ Parent company. Answer: A business that consists of multiple chains
◉ What is another name for parent company. Answer: Group
◉ How many parent companies are there in the US? World? How many
rooms does each one have. Answer: 22 parent companies w/ 10,000
rooms or more
34 parent companies worldwide w/ 25,000 rooms
◉ What are the three different operation types. Answer: Corporate,
franchise, independent
,◉ Corporate Hotel. Answer: A chain hotel owned/managed by the chain
or parent company
◉ Franchise Hotel. Answer: A chain hotel run by a third party where the
chain recieves some sort of franchise fee
◉ Who is an independent hotel affiliated with. Answer: Neither a chain
nor parent company. They are independent
◉ Are Chain hotels more popular than independent hotels in the US?
WW. Answer: Yes, in the US chains are more popular (70/30). WW,
Independents are (30/70 or 20/80)
◉ Management Company. Answer: A company that operates a hotel for
another company
◉ How many management companies are there in the US? World? How
many rooms does each one have. Answer: There are 32 management
companies in the U.S. with 8,000 rooms or more and 58 management
companies worldwide with 10,000 rooms or more.
◉ Owner companies. Answer: Companies that own hotels
,◉ How many owner companies are there in the US? World? How many
rooms does each one have. Answer: There are 24 owner companies in
the U.S. and 46 owner companies worldwide with 10,000 rooms or
more.
◉ Asset management company. Answer: A Management Company that
represents the owner in the operation of a hotel. (between the owner and
management company)
◉ How many asset management companies are there in the US? World?
How many rooms does each one have. Answer: There are 30 Asset
Management Companies in the U.S. and 39 Asset Management
Companies worldwide with 1,000 rooms or greater.
◉ How long have asset management companies been around. Answer:
They are relatively new
◉ What is another name for quasi chains. Answer: soft brands
◉ Quasi chain. Answer: A cross between a chain and a marketing group
for independent hotels. These chains have been created to be able to
bring hotels under a Parent Company flag. The hotels can take advantage
of the benefits available from the Parent Company.
◉ What are examples of quasi chains. Answer: Luxury collection
, ◉ What are the main geographic categories by the hotel industry.
Answer: World, continent, subcontinent, country, market, tract/sub-
market
◉ Are the continents and subcontinents the same as normal. Answer: No
◉ What are the 4 continents. Answer: Americas, Europe, Middle
East/Africa, Asia Pacific
◉ How many subcontinents does each continent include. Answer: 3-4
◉ What do STR definitions roughly correspond to when it comes to
which countries are included in each continent and sub-continent.
Answer: UNWTO definitions
◉ What does STR use when it comes to recognizing countries. Answer:
UNWTO
◉ What would the US Virgin Islands and Puerto Rico appear as.
Answer: Separate countries
◉ How many countries have at least one hotel on it. Answer: 211