2026 Questions and Correct Detailed
Answers Already Graded A+
Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country. - CORRECT ANSWER-A. They
and their related chains have changed over time
Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain.
B. Chain hotels outnumber independent hotels in every country of the world.
C. Independent hotels are mostly Luxury class hotels in Urban locations with more
than 150 rooms
D. Independent hotels may never be managed by an outside entity. - CORRECT
ANSWER-A. They're not affiliated with a specific chain.
,Which is a true statement about management companies?
A. They have contracts where they receive payment for their services and/or
some portion of the profits.
B. They may manage only one chain.
C. They will always own the hotels they manage.
D. They serve the exact same role as asset management companies. - CORRECT
ANSWER-A. They have contracts...
What are the major geographic categories? - CORRECT ANSWER-World
Continent
Sub-continent
Country
Market
Tract or Submarket
What are the 4 continents (according to STR)? - CORRECT ANSWER-Americas,
Europe, Mideast/Africa, and Asia Pacific
Each continent includes how many sub-continents? - CORRECT ANSWER-3-4
,What are the 9 US regions? - CORRECT ANSWER-New England
Middle Atlantic
South Atlantic
East North Central
East South Central
West North Central
West South Central
Mountain
Pacific
What are the different kinds of affiliations a single hotel can have? - CORRECT
ANSWER-Chain
Parent Company
Operation: Corporate, Franchise, or Independent
Management Company
Owner
Asset Management Company
Membership or Marketing Groups
, What does a chain represent? - CORRECT 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 - CORRECT ANSWER-22; 24
Most people agree that _______ was the first chain. - CORRECT ANSWER-
Holiday Inn
Parent Companies - CORRECT ANSWER-Consist of multiple chains; often the
parent company will havea variety of different types of chains
T/F A parent company may have a range of high-end, middle, and low-end chains;
or they may concentrate in one area - CORRECT ANSWER-True
What is the top parent company in the US? - CORRECT ANSWER-Hilton
Worldwide
Corporate hotel - CORRECT ANSWER-A chain hotel owned or managed by the
chain or the parent company