HOSP 180 Quiz 2 | 100% Correct Answers |
Verified | Latest 2024 Version
The first hotel to be franchised in the United States occurred in 1907 when this company franchised the
_______________ hotel.
A.Holiday Inn
B.Howard Johnson
C.Ritz-Carlton
D.Quality Inn - ✔✔Ritz-Carlton
The leader of franchised hotels globally is _____________.
A.InterContinental Hotels and Resorts
B.Marriott International
C.Choice Hotels, International
D.Wyndham Worldwide - ✔✔Wyndham Worldwide
Becoming a franchisee has several benefits which include all of the following EXCEPT:
A.a centralized reservation system
B.required conformation to the franchisor's agreement
C.volume discounts for purchasing furniture, fixtures, and equipment
D.national advertising - ✔✔required conformation to the franchisor's agreement
Referral associations and franchises provide similar benefits to properties, but referral associations
typically have:
A.limited access to training or other programs.
B.more stringent appearance standards.
C.no common CRS, image, or branding.
D.a lower cost. - ✔✔a lower cost
, A management contract allows a hotel company to manage a property for a specific amount of time in
exchange for a management fee that is often based on a percentage of __________ and _________
___________.
A.sales; operating profit
B.income; capital gains
C.revenue; sales tax
D.gross; management salaries - ✔✔sales; operating profit
One of the most important documents used by hotel owners is the ____________.
A.Multiplier Effect
B.Summary Operating Statement
C.Transient Occupancy Tax
D.Feasibility Study - ✔✔Summary Operating Statement
An example of a direct economic impact of a hotel to the local community is:
A.sales tax paid by the hotel to local vendors on purchases made for the hotel.
B.employees spending their wages on shopping in the local community.
C.the dollars spent by hotel guests to pay for room and food at the hotel.
D.new jobs generated by the hotel to provide improved guest service. - ✔✔the dollars spent by hotel
guests to pay for room and food at the hotel
If a hotel's annual sales were $4,500,000 and the revenue multiplier for the area is 1.95, what would the
total revenue impact for the year be?
A.$8,410,750
B.$23,076.92
C.$8,775,000
D.$2,307,692.31 - ✔✔$8,775,000
The characteristics of a five diamond property as described by AAA are:
A.average roadside appeal with some landscaping and a noticeable enhancement in indoor décor
Verified | Latest 2024 Version
The first hotel to be franchised in the United States occurred in 1907 when this company franchised the
_______________ hotel.
A.Holiday Inn
B.Howard Johnson
C.Ritz-Carlton
D.Quality Inn - ✔✔Ritz-Carlton
The leader of franchised hotels globally is _____________.
A.InterContinental Hotels and Resorts
B.Marriott International
C.Choice Hotels, International
D.Wyndham Worldwide - ✔✔Wyndham Worldwide
Becoming a franchisee has several benefits which include all of the following EXCEPT:
A.a centralized reservation system
B.required conformation to the franchisor's agreement
C.volume discounts for purchasing furniture, fixtures, and equipment
D.national advertising - ✔✔required conformation to the franchisor's agreement
Referral associations and franchises provide similar benefits to properties, but referral associations
typically have:
A.limited access to training or other programs.
B.more stringent appearance standards.
C.no common CRS, image, or branding.
D.a lower cost. - ✔✔a lower cost
, A management contract allows a hotel company to manage a property for a specific amount of time in
exchange for a management fee that is often based on a percentage of __________ and _________
___________.
A.sales; operating profit
B.income; capital gains
C.revenue; sales tax
D.gross; management salaries - ✔✔sales; operating profit
One of the most important documents used by hotel owners is the ____________.
A.Multiplier Effect
B.Summary Operating Statement
C.Transient Occupancy Tax
D.Feasibility Study - ✔✔Summary Operating Statement
An example of a direct economic impact of a hotel to the local community is:
A.sales tax paid by the hotel to local vendors on purchases made for the hotel.
B.employees spending their wages on shopping in the local community.
C.the dollars spent by hotel guests to pay for room and food at the hotel.
D.new jobs generated by the hotel to provide improved guest service. - ✔✔the dollars spent by hotel
guests to pay for room and food at the hotel
If a hotel's annual sales were $4,500,000 and the revenue multiplier for the area is 1.95, what would the
total revenue impact for the year be?
A.$8,410,750
B.$23,076.92
C.$8,775,000
D.$2,307,692.31 - ✔✔$8,775,000
The characteristics of a five diamond property as described by AAA are:
A.average roadside appeal with some landscaping and a noticeable enhancement in indoor décor
