Hotel Classifications Quiz

What is the approximate number of properties included in the hotel industry?

• 10,000 properties

• 54,200 properties

• 100,000 properties

• 5,000 properties

How many guestrooms are there in the hotel industry?

• One million guestrooms

• Two million guestrooms

• Five million guestrooms

• Ten million guestrooms

How is the hotel industry described in terms of its financial scale?

• Million dollar industry

• Multibillion dollar industry

• Billion dollar industry

• Trillion dollar industry

What rights does a franchisor grant in a franchise agreement?

• Access to company’s trademark

• Ownership of the company

• Free advertising

• Unlimited product supply

Which of the following is included in a franchise agreement for a fee?

• Free company shares

• Reservation systems

• Employee benefits

• Company vehicles

What must a franchisee agree to in a franchise agreement?

• Operate independently

• Set their own guidelines

• Operate within guidelines set by franchisor

• Change the company’s trademark

During which decades was franchising the primary growth strategy for hotels and motels?

• 1950s to 1970s

• 1960s to 1980s

• 1980s to 2000s

• 1990s to 2010s

What is one of the benefits to a franchisee mentioned in the document?

• Free travel packages

• National advertising

• Personal loans

• Free legal advice

Which of the following is NOT listed as a benefit to franchisees?

• Volume discounts

• Listing in directory

• Free hotel stays

• Low credit card fees

What is one of the drawbacks to a franchisee mentioned in the document?

• Low initial investment

• High fees to join and continue

• Flexible standards

• No need to conform to agreements