HFT Study guides, Class notes & Summaries

HFT 4468 COMPLETE EXAM WITH QUESTIONS AND ANSWERS...

Hospitality correct answers Fastest growing industry worldwide fast paced, exciting, every day is different Product is INTANGIBLE (cant hold it) Service Experience correct answers When a guest meets and interacts with an employee "moment of truth" cannot be taken back or done over again Service industry correct answers include hospitality enterprises Example: employee/guest interactions- like a hotel front desk or in a restaurant different from manufacturing indus...

Growth in demand for hospitality and tourism educators is derived: correct answers directly from the demand for people working in hospitality/tourism industry Growth of hospitality and tourism correct answers Tourism: -largest industry in the world -THIRD largest industry in US Segments of Lodging Accommodation & Food Service: -comprise 10% of all employment -growth of convention and event sector b/w is 44% Related growth of H&T Education correct answers primary growth in 4-year...

HFT Final

HFT 4468 Dr Altin Final Exam 2023 Revenue formula - ANS-number of units sold x unit price Accounting profit formula - ANS-Profit= Revenue - Expenses Owner ROI forumlar - ANS-owner investment return / owner original investment ADR formula - ANS-total room revenue / total rooms sold RevPAR formula - ANS-ADR x Occupancy % -orTotal Revenue / total rooms available Occupancy % formula - ANS-Total rooms sold / total rooms for sale RevPOR formula - ANS-Total (rooms + Non-rooms) Revenue / Total ...

When thinking about the hospitality industry, it is helpful to think of an umbrella that covers the whole industry. Which of the following is NOT part of this umbrella? * accounting and taxation * attractions, gaming, parks and recreation * cruise ships, rail, and air * meetings, conventions and expositions correct answers accounting and taxation Why might a person consider a career in the hospitality industry? correct answers You enjoy working with people and like an upbeat atmosphere. ...

Growth in the Industry: correct answers The demand for hospitality and tourism educators is derived directly from the demand for people working in the hospitality and tourism industry. Tourism is the largest industry in the world and the third largest industry in the US. The segments of lodging accommodation and foodservice comprise about 10% of all employment nationally. According to the Bureau of Labor Statistics of the US Department of Labor, the hospitality industry increased nearly 17% i...

A citizen of one country meeting in another country is called an overseas meeting. true The person that handles the administrative tasks of the congress meetings is referred to as the secretariat. true when having a business meeting in Bolivia it is expected that you bring a gift. true In what way does a PCO differ from a DMC? are the same thing b.a PCO works for a CVB, a DMC is an independent contractor c. a PCO possesses expertise in congress organization and manage...

visitor attractions are permanent and charge admission. attract tourists. include natural, cultural, or built assets with visitor experiences buildings converted for visitors castles, monuments, historic houses, archaeological sites museums and galleries art, cultural, historical natural sites gardens, natural parks, forests, beaches, caves religious sites religious buildings, pilgrimage centers visitor centers cultural, industrial, transport, heritage (ex. Grand Central Station) the...

HFT 3404 Resort & Hospitality Financial Accounting questions and answers.