HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2025 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES

HOSPITALITY REVENUE MANAGEMENT FINAL EXAM LATEST 2025 ACTUAL EXAM 200 QUESTIONS AND CORRECT DETAILED ANSWERS WITH RATIONALES (VERIFIED ANSWERS) |ALREADY GRADED A+ Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - ANSWER-Accor Hotels Which is a true statement about Parent Companies? - ANSWER-Parent Companies and the related chains have changed over time What are the three different operation types? - ANSWER-Chain Management, Franchise, Independent Which is a true statement about Management Companies? - ANSWER-Management companies have contracts where they receive payment for their services and/or some portion of profits Which is a true statement regarding geographic categorization? - ANSWER-STR uses the UNWTO definitions when it comes to recognizing countries Which two geographic categories are the most important for a hotel GM? - ANSWER-Market and Submarket Markets and Submarkets are created based on what two determining factors? - ANSWER-Number of hotels and participation