Question 1

In order to determine if a hotel development project would likely succeed, we would perform a

Accepted Answer

A

Question 2

The following are characteristics of airport hotels EXCEPT:

Accepted Answer

B

Question 3

Examples of hotel level of service classification include

Accepted Answer

A

Question 4

Airport hotels

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Question 5

Hotels may be classified by

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Question 6

Examples of hotel location include

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Question 7

Examples of hotel price classification include

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Question 8

Casino hotels

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Question 9

In franchising, the franchisee is granted rights to

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Question 10

The benefits of franchising include all of the following EXCEPT:

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Question 11

Hotels and motels that are part of a ________ share a centralized reservation system and a common image, logo or advertising slogan.

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Question 12

The lack of operational power, high fees, low percentage of reservations from the central reservation system are all ________ of franchising.

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Question 13

The primary growth and development strategy of hotels during the 1960's was

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Question 14

Hotel companies are increasingly opting for ________ because considerably less capital is tied up in managing as compared to ownership.

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Question 15

In this type of "ownership" investors do not pay corporate income tax, however they distribute the majority of net income to shareholders, and are publicly traded.

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Question 16

Marriott builds a hotel for $34 million and sells it to a banking firm for $52 million. Marriott charges the banking firm 2 -4 % of gross revenues to operate the hotel. This business transaction is known as

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Question 17

Purchasing the right to use a company's trademark and copyrighted materials is known as

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Question 18

Franchising fees vary according to the agreements between franchisee and franchisor but the usual fees are between ________ of room revenue

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Question 19

An organization that rates and classifies hotels and awards them Diamonds is the

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Question 20

Corporations that operate a hotel without capital outlay in exchange for a percentage of gross sales are known as

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Quiz 2: The Hotel Business