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HFT4468 REVENUE MANAGEMENT FINAL EXAM COMPLETE QUESTIONS WITH 100% VERIFIED ANSWERS

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HFT4468 REVENUE MANAGEMENT FINAL EXAM COMPLETE QUESTIONS WITH 100% VERIFIED ANSWERS .Which of the following is not a hotel intermediary? - ANSWERS-Front desk agents .Which travel industry-related business group developed the Global Distribution System? - ANSWERS-The airline industry .What was the original purpose of THISCO? - ANSWERS-To develop a single GDS connection for major hotel companies .What is true about the calculations required to calculate the following Net ADR Yield formula? - ANSWERS-Standard ADR (-) Distribution Channel Costs (=) Net Room Rate .Lani is the revenue manager at the Aloha Inn. In which situation would Lani optimize the Inn's gross rooms revenues? - ANSWERS-High Standard ADR, high Net ADR Yield .What is the industry term for a lower room rate that is offered when a potential rooms buyer exhibits initial price resistance? - ANSWERS-Fade rate .What is true about a future room reservation booked for a guest whose original reservation was booked through and who is presently checking out of the hotel? No IDS fees will be paid on the revenue the new reservation will generate - ANSWERS-No IDS fees will be paid on the revenue the new reservation will generate .Harold tracks his hotel guest check outs and the number of new reservations made at check out. Last week a total of 640 guests checked out of his hotel. In that same period, his front desk staff booked reservations for 32 future rooms nights from this group of check out guests. What is true at Harold's hotel? - ANSWERS-The reservation nights booked per check out for last week was .05 .For which distribution channel type do hotels typically employ a shopper's service? - ANSWERS-sales made via the telephone .Which is most often true about room sales made by a hotel's group sales department? - ANSWERS-ADRs are lower than average and Net ADR Yield is higher than average .How are most CVBs in the United States funded? - ANSWERS-By a combination of hotel occupancy taxes and membership dues .Which statement does not accurately describe a non-electric distribution channel? - ANSWERS-CRS is a non-electric distribution channel .Which of the following rooms marketing strategies would contribute to the commoditization of hotel rooms? - ANSWERS-Participation on a web site that lists only a hotel's name and a single rack room rate .Into which hotel industry distribution channel component would a brand's call center worker enter room reservations he or she has made? - ANSWERS-CRS .Which components of the hotel industry's current reservation system currently offers its users the ability to simultaneously see comparative hotel rate information? - ANSWERS-The GDS and IDS .Where on a hotel's statement of income and expense (income statement) does the 10th Edition of the Uniform System of Accounts for Lodging Industry (USALI) recommend travel agency commissions be recorded? - ANSWERS-The rooms expense portion .Which common IDS room sales model is most dependent on selling price for its revenue generation? - ANSWERS-Opaque model .What is true about proprietary web sites administered by a hotel's franchisor? - ANSWERS-Content changes must be implemented by the brand's managers .Lara's rack rate is $299.99. She has been asked to bid on 200 rooms nights needed by a travel agent seeking housing for a group of seniors touring the area by bus. The travel agency has requested Lara provide her a net (non-commissionable) rate. Lara's hotel typically pays a 10% travel agency fee. What would be Lara's per room night net non-commissionable bid for these rooms if she does not lower her rack rate? - ANSWERS-$ 269.99 .What would be the result of a revenue manager's successful implementation of aggressive strategies designed to shift guests' future bookings from more expensive distribution channels to lesser expense channels? - ANSWERS-Increased Net ADR Yield, increased GOPPOR .What is true about rooms that are sold at prices below a hotel's variable operating costs? - ANSWERS-They will cause an increase in RevPAR .Scott is a revenue manager who calculates the following for his hotel:Total (rooms + non-rooms) revenueTotal occupied roomsWhat is the result of Scott's calculation? - ANSWERS-RevPOR

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Institution
REVENUE MANAGEMENT
Course
REVENUE MANAGEMENT

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HFT4468 REVENUE MANAGEMENT FINAL EXAM
COMPLETE QUESTIONS WITH 100% VERIFIED
ANSWERS



\.Which of the following is not a hotel intermediary? - ANSWERS✔-Front desk agents



\.Which travel industry-related business group developed the Global Distribution System? -
ANSWERS✔-The airline industry



\.What was the original purpose of THISCO? - ANSWERS✔-To develop a single GDS connection
for major hotel companies



\.What is true about the calculations required to calculate the following Net ADR Yield formula?
- ANSWERS✔-Standard ADR (-) Distribution Channel Costs (=) Net Room Rate



\.Lani is the revenue manager at the Aloha Inn. In which situation would Lani optimize the Inn's
gross rooms revenues? - ANSWERS✔-High Standard ADR, high Net ADR Yield



\.What is the industry term for a lower room rate that is offered when a potential rooms buyer
exhibits initial price resistance? - ANSWERS✔-Fade rate



\.What is true about a future room reservation booked for a guest whose original reservation
was booked through expedia.com and who is presently checking out of the hotel?

No IDS fees will be paid on the revenue the new reservation will generate - ANSWERS✔-No IDS
fees will be paid on the revenue the new reservation will generate

, \.Harold tracks his hotel guest check outs and the number of new reservations made at check
out. Last week a total of 640 guests checked out of his hotel. In that same period, his front desk
staff booked reservations for 32 future rooms nights from this group of check out guests. What
is true at Harold's hotel? - ANSWERS✔-The reservation nights booked per check out for last
week was .05



\.For which distribution channel type do hotels typically employ a shopper's service? -
ANSWERS✔-sales made via the telephone



\.Which is most often true about room sales made by a hotel's group sales department? -
ANSWERS✔-ADRs are lower than average and Net ADR Yield is higher than average



\.How are most CVBs in the United States funded? - ANSWERS✔-By a combination of hotel
occupancy taxes and membership dues



\.Which statement does not accurately describe a non-electric distribution channel? -
ANSWERS✔-CRS is a non-electric distribution channel



\.Which of the following rooms marketing strategies would contribute to the commoditization
of hotel rooms? - ANSWERS✔-Participation on a web site that lists only a hotel's name and a
single rack room rate



\.Into which hotel industry distribution channel component would a brand's call center worker
enter room reservations he or she has made? - ANSWERS✔-CRS



\.Which components of the hotel industry's current reservation system currently offers its users
the ability to simultaneously see comparative hotel rate information? - ANSWERS✔-The GDS
and IDS

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Institution
REVENUE MANAGEMENT
Course
REVENUE MANAGEMENT

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