and Correct Detailed Answers Already Graded A+
Which one of the following is an accurate statement regarding the raw data fields
used by the hotel industry?
A) Supply is the number of rooms sold by the hotel.
B) Room Revenues include Food and Beverage Revenues.
C) Demand is the number of rooms available for a hotel to sell.
D) The definitions for raw data are based upon the Uniform System of Accounts
for theLodging Industry - CORRECT ANSWER-D) The definitions for raw
data are based upon the Uniform System of Accounts for theLodging Industry
Which one of the following is an accurate statement regarding KPIs?
A) The KPIs are calculated using formulas and are based upon raw data.
B) The KPIs are all currency amounts.
C) KPI stands for Key Participation Identifiers.
D) STAR Reports display raw data, but not the KPIs - CORRECT ANSWER-A)
The KPIs are calculated using formulas and are based upon raw data.
,Most of the entities below are classified as "Parent Companies". Which one is a
"Chain" that is part of a larger Parent Company?
A)InterContinental Hotel Group
B) Accor
C) Sheraton
D) Hilton International - CORRECT ANSWER-C) Sheraton
Which one of the following is an accurate statement about chains?
A) When you drive up to a hotel, it is usually difficult to know the chain name
.B) The chain affiliation of a hotel never changes.
C) While the U.S. has more chain that independent hotels, in other countries we
oftenfind that there are more independent than chain hotels.
D) New chains are rarely created in the hotel industry. - CORRECT
ANSWER-C) While the U.S. has more chain that independent hotels, in other
countries we oftenfind that there are more independent than chain hotels.
,Which one of the following is an accurate statement about management
companies?
A) Management companies only manage hotels in a single chain.
B) Chains or parent companies never manage their own hotels.
C) Management companies have contracts where they receive payment and/or
someportion of profits.
D) A management company and an asset management company serve the
samepurpose - CORRECT ANSWER-C) Management companies have
contracts where they receive payment and/or someportion of profits.
What is an accurate statement regarding "Soft Brand" compared to traditional
brands?
A) Hotels that are part of a Soft Brand never benefit from reservation systems
andloyalty programs.
B) Very few of the large parent companies have "Soft Brands".
C) Hotels that are part of a "Soft Brand" are usually unique compared to
traditionalbrands where every hotel in the chain is similar.
, D) Soft Brands have decreased in popularity in recent years. - CORRECT
ANSWER-C) Hotels that are part of a "Soft Brand" are usually unique compared
to traditionalbrands where every hotel in the chain is similar
Which one of the following is an accurate statement about the geographic
category known as market?
A) A country would always have two or more markets.
B) A country would never have more than 10 markets.
C) Markets only include hotels that are in the big cities.
D) A market could include hotels that are in rural areas outside of the big cities. -
CORRECT ANSWER-D) A market could include hotels that are in rural areas
outside of the big cities
Which one of the following is NOT an accurate statement about the geographic
category known as submarket?
A) There will always be four or more submarkets in a market.
B) A city or metro market will frequently have a Downtown or Central Business
District(CBD) submarket.