Hotel Ownership and Development Study Guide

Hotel Ownership and Development Study Guide

12th Grade

•

52 Qs

quiz-placeholder

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Hotel Ownership and Development Study Guide

Hotel Ownership and Development Study Guide

Assessment

Quiz

•

Other

•

12th Grade

•

Practice Problem

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Medium

Created by

Connor Hogan

Used 5+ times

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52 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the estimated value of the hotel industry according to the study guide?

$500 billion

$155 billion

$750 billion

$300 billion

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A Franchise Hotel is:

a hotel owned and operated by an individual or company under a brand's name and guidelines

a hotel owned by a single proprietor without any brand association

a hotel that is part of a government-run chain

a hotel that operates independently without any brand affiliation

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a benefit to the Franchisee?

Increased market share

National advertising

Up-front fees

Difficulty in maintaining control of standards

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is one drawback to the Franchisee mentioned in the study guide?

Limited control over business operations

High initial investment cost

Lack of brand recognition

Limited access to training resources

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a benefit to the Franchise Company?

Must pay high fees

Recognition

Must conform to the franchisor’s agreement

Feasibility Study

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A Feasibility Study in the context of hotel development is:

an analysis of the potential success of a proposed hotel project

a detailed architectural design of the hotel

a financial audit of an existing hotel

a marketing strategy for a new hotel

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What percentage of U.S. hotels are made up by 8 large corporate hotel companies?

50%

60%

75%

80%

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