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Test your basic knowledge |
Hotel Operations Management
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Subject
:
hospitality
Instructions:
Answer 50 questions in 15 minutes.
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Match each statement with the correct term.
Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.
This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Room + 2 meals
Modified American Plan
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
Reality
Taberna
2. Rooms available X occupancy percentage X Average daily rate
Why do hotels offer discounted rates?
Forcasted rooms revenue
What was the first Inn?
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
3. Blocking/pre-assigning rooms
Who deals with the arrival of guests?
Guest expectations
Room assignment process
When would you want to use a minimum LOS control?
4. Coles Ordinary
Franchisor
What was the first Inn?
Franchisor loading corporation
Modified American Plan
5. 1. Solid brands 2. Strong frequent guest program backed by excellent service and high product quality
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6. Tall organization/ small number of employees report to a supervisor
Independent Management Company
Chain Management
What is a narrow span of control?
When are lodging analysts bullish on hotel stocks?
7. Blocking fewer rooms than requested by the group based on past history
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
What is wash (down)?
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
What is a block?
8. Set of registered hotel guest accounts
What is a guest ledger
Caravanseri
What completes the registration process?
Paying off the due bank
9. The difference between money taken in and paid out
Service recovery
What is displacement?
Net Receipts
Who is the keys of gold?
10. C corp - legal - taxable entity - REIT - exempt from corporate tax as long as they comply with certain guidelines
What is inelastic demand?
Paying off the due bank
What are the differences between a C-Corp. and a REIT?
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
11. Retained to manage a hotel on behalf of the owner
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
Forbes 5 star
Mansio
Independent Management Company
12. The accounting departments buys out the house petty cash vouchers with real cash - so that cash drawer is accurate
Cut off date?
What is a block?
Paying off house vouchers
What is a guest folio?
13. Less money in cash drawer than should be
What is a guaranteed reservation?
Short
What is reservation status?
The difference between guest accounts and house accounts ?
14. Hotels need to satisfy as many guests as possible and maximize revenues from existing demand
Why do hotels offer discounted rates?
What is yield statistoc?
Franchisor loading corporation
What is the most used operating ratio?
15. Frequent travelers - vacationing families - professionals( accountants - lawyers - and executives)
What is a third-party distribution company?
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
Cut off date?
Suite hotels
16. When they want to check in on a 'head night' and break up what is otherwise a potential consecutive day booking
Guest expectations
How to calculate average room rate?
When would you want to use a minimum LOS control?
Role of management
17. # of room no shows divided by # of room reservations
Create a process map for a transient business guest who arrives at the city airport - requires shuttle service - and checks into the hotel using the help of a bellman. This is the 'Business Guest Arrival and Check-in Process.' Indicate all functional
Dimensions of Service Quality
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
How do you calculate the % of no shows?
18. No difference - just sounds nicer
Franchisor loading corporation
How the hotel size that has the largest percentage
Who is the keys of gold?
What is the difference between an employee and an associate?
19. Tangibles - reliability - responsiveness - assurance and empathy
Dimensions of Service Quality
Code of Hammurabi
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
Why do hotels offer discounted rates?
20. Rooms revenue divided by number of rooms sold
What is the average daily rate?
Short
Cut off date?
European Plan
21. Not sensitive to price. Business travel market
What is inelastic demand?
How do u calculate occupancy %?
What is rack rate?
What is housekeeping status?
22. The first place where a lot of people could stay overnight and keep all their animals etc
Reality
Independent Management Company
Caravanseri
What are 'fences'?
23. When more money is paid out than comes in and the cashier uses his bank for the payment
Market Segmentation
Ideal Room Rate
Due bank
Mansio
24. A collection of all transactions incurred by a guest.
What is the most used operating ratio?
TShe income Audit
Extended stay hotels
What is a guest account?
25. Date when group blocked rooms return to hotel room inventory
What is a guest ledger
Cut off date?
When are lodging analysts bullish on hotel stocks?
What is booked mean?
26. Huge capital investment needed. Time to wait on zoning and construction.
When would you want to use a minimum LOS control?
Create a process map for a transient business guest who arrives at the city airport - requires shuttle service - and checks into the hotel using the help of a bellman. This is the 'Business Guest Arrival and Check-in Process.' Indicate all functional
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
Non-collectible account
27. Negotiated based on number of rooms
What is group rate?
Suite hotels
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
28. An organization member has the right to make a decision without obtaining approval from a higher level manager.
What is inelastic demand?
How the hotel size that has the largest percentage
Ideal Room Rate
What is decentralization?
29. Luxury - upper-upscale - upscale
Paying off the due bank
Caravanseri
When would you want to use a minimum LOS control?
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
30. Cash according to accounts
NON REIT Owner
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
What should be
What was the first Hotel?
31. Hotel holds room until 4 or 6
Non-guaranteed reservation?
How the hotel size that has the largest percentage
What is a guest ledger
Guest expectations
32. 1. hotel staff members greet upon arrival 2. a welcome reception for the guests is held 3. guests check in and occupy rooms 4. activities - dining - and entertainment are arranged
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33. Address expectations and reality with honest advertising and training employees 'over delivery'
Room assignment process
WHat department is the heart of the hotel?
What is rack rate?
Role of management
34. Determines a rooms long term availability
Service recovery
What is...
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
What is reservation status?
35. Housekeeping
What is decentralization?
Suite hotels and extended stay hotels
What is the largest department?
What is housekeeping status?
36. City Hotel - NY city
What is decentralization?
What was the first Hotel?
What completes the registration process?
What are the six steps in the Revenue Management Model?
37. The retention of decision making authority by a high level manager
Role of management
What is posting?
Why do hotels offer discounted rates?
What is centralization?
38. Determines a rooms short term availability
What is a narrow span of control?
What is housekeeping status?
How do u calculate occupancy %?
What is posting?
39. Hotel verifies that a guest has a reservation. can be guarnteed or no guaranteed
Mansio
Who deal with the pre arrival of the guests?
Confirmed reservation?
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
40. They are bullish because there is a near-zero amount of new hotel supply - Loans are difficult to get - Extremely limited new build activity
What is a block?
What was the first Inn?
ADA
When are lodging analysts bullish on hotel stocks?
41. Occupancy %
What is the most used operating ratio?
Franchisor loading corporation
Float Losses
Modified American Plan
42. 1. group common tasks to allow for work specialization - which increases overall productivity 2. training is easier because of similarity and the many opp's for inexp workers to learn from exp workers 3. fosters efficiency - teamwork - and coordinati
Extended stay hotels
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
Forbes 5 star
What is wash (down)?
43. Reality < expectations dissatisfied
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
Guest expectations
What is a wide span of control?
Create a process map for a transient business guest who arrives at the city airport - requires shuttle service - and checks into the hotel using the help of a bellman. This is the 'Business Guest Arrival and Check-in Process.' Indicate all functional
44. True
Distribution of the reports is the final step in night audit process?
NON REIT Owner
What is inelastic demand?
Code of Hammurabi
45. The hotel's standard published rate
Given the high barriers to entry in some of the major lodging markets - increased revenues at the hotel level can only be derived from taking market share. What are the necessary 'tools' for attracting business from competitors?
What is a third-party distribution company?
Cut off date?
What is rack rate?
46. China and India
What is wash (down)?
Where will the majority of the global growth take place
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
Moments of truth
47. 10000 divided by 95 + 5=10000 divided by 100=100$
10000 rooms revenue. Sold 95 rooms with 5 comps
What is booked mean?
Cut off date?
What is posting?
48. Issuing the room key
Non-guaranteed reservation?
What completes the registration process?
Merchant discount fee
What is a guest folio?
49. First laws to govern hotels - no watering down beer and must pay hotel tax or get hand chopped off
Code of Hammurabi
Discuss a weakness of functional organizational design.
Mansio
Non-guaranteed reservation?
50. Very sensitive to price. Leisure travel market
Merchant discount fee
What is the American Plan?
Where will the majority of the global growth take place
What is elastic demand?
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