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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. Chain Management - Independent Management Company - Owner/Operator and Non- REIT owner.
Franchisor
Franchisor loading corporation
Merchant discount fee
Airport hotels
2. The second largest employer in US - 1 OF EVERY 14 AMERICANS EMPLOYED IN TOURISM - MAKES $20000 A SECOND
What is wash (down)?
Tourism
Who is the keys of gold?
Who deal with the pre arrival of the guests?
3. Luxury - upper-upscale - upscale
What is decentralization?
ADA
Forcasted rooms revenue
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
4. Hotel gets money later - pays employee up-front
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
Service recovery
What is the difference between an employee and an associate?
Float Losses
5. Address expectations and reality with honest advertising and training employees 'over delivery'
How do u calculate occupancy %?
Give an example of a fence used in the hotel industry
Forbes 5 star
Role of management
6. Difference between 'What should be' and 'what is'
When would you want to use a minimum LOS control?
What is reservation status?
Over or Short
What is a guest account?
7. More money in cash drawer than should be
Who deal with the pre arrival of the guests?
Room assignment process
Over
When would you want to use a minimum LOS control?
8. An organization member has the right to make a decision without obtaining approval from a higher level manager.
Market segmentation
What is decentralization?
What is the difference between an employee and an associate?
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
9. 1. Solid brands 2. Strong frequent guest program backed by excellent service and high product quality
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10. Hotel holds room until 4 or 6
Guest satisfaction
Non-guaranteed reservation?
What is a narrow span of control?
Cut off date?
11. Coupons used by members of tour groups to pay for meals etc...
Forcasted rooms revenue
What is the American Plan?
Tour package coupons
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
12. Hotel has to pay fee to VISA or AMEx - but does not reduce tip
Merchant discount fee
Tourism
What is a wide span of control?
What is the difference between an employee and an associate?
13. Under 150 rooms
Where will the majority of the global growth take place
Over
How the hotel size that has the largest percentage
When would you want to use a minimum LOS control?
14. The retention of decision making authority by a high level manager
What is centralization?
Short
Extended stay hotels
What is reservation status?
15. Very sensitive to price. Leisure travel market
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
What is elastic demand?
Due bank
What is group rate?
16. Number of rooms occupied divided by number of rooms available
What is the most used operating ratio?
What is the average daily rate?
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
How do u calculate occupancy %?
17. China and India
Modified American Plan
Confirmed reservation?
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?
Where will the majority of the global growth take place
18. 95+5=100 divided by 150-25=125=80%
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
Owner/operator
Independent Management Company
Ideal Room Rate
19. Coles Ordinary
What is reservation status?
Ideal Room Rate
What was the first Inn?
How do you calculate the % of no shows?
20. Concierge/bellstaff
Franchisor loading corporation
Why do hotels offer discounted rates?
What is reservation status?
Who is the keys of gold?
21. 6%? look up
What is corporate rate?
Tourism
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?
22. Front Desk
When would you want to use a minimum LOS control?
Suite hotels
WHat department is the heart of the hotel?
What are 'fences'?
23. Reality > expectations 'thrilled'
Reality
Franchisor loading corporation
What is reservation status?
What should be
24. Where the poorer people stayed when traveling in the Roman Empire
What is group rate?
Taberna
Over
Suite hotels and extended stay hotels
25. Hotel verifies that a guest has a reservation. can be guarnteed or no guaranteed
Cut off date?
Who deals with the departure of the guests?
Confirmed reservation?
Who deals with the arrival of guests?
26. Blocking fewer rooms than requested by the group based on past history
What is wash (down)?
What is a third-party distribution company?
Short
Where will the majority of the global growth take place
27. Rooms fill from bottom-up so we may need to construct that way - with greater availability of cheaper rooms
Paying off house vouchers
Discuss a weakness of functional organizational design.
Top down or bottom up
What is a narrow span of control?
28. Occupancy %
Confirmed reservation?
What was the first Hotel?
Due bank
What is the most used operating ratio?
29. Tall organization/ small number of employees report to a supervisor
What is a block?
Franchisor
What is a narrow span of control?
What was the first Hotel?
30. Owns the hotel but retains a chain or independent management company to operate the property
When are lodging analysts bullish on hotel stocks?
NON REIT Owner
What is booked mean?
Extended stay hotels
31. Less money in cash drawer than should be
What is group rate?
What is the largest department?
Non-guaranteed reservation?
Short
32. The hotel's standard published rate
Give an example of a fence used in the hotel industry
Room assignment process
Moments of truth
What is rack rate?
33. Cashier (FD)/ uniformed services
What is the largest department?
NON REIT Owner
Where will the majority of the global growth take place
Who deals with the departure of the guests?
34. Actual cash in dollars and cents in the cash drawer
What is decentralization?
How the hotel size that has the largest percentage
Short
What is...
35. Hotels need to satisfy as many guests as possible and maximize revenues from existing demand
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
What is displacement?
Service recovery
Why do hotels offer discounted rates?
36. 70% occupancy - each room category is occupied at 70%.
What is...
Ideal Room Rate
What is the American Plan?
Tourism
37. Logical rational rules designed to allow customers to segment themselves into appropriate rate categories
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38. They are bullish because there is a near-zero amount of new hotel supply - Loans are difficult to get - Extremely limited new build activity
Modified American Plan
When are lodging analysts bullish on hotel stocks?
What is booked mean?
Taberna
39. Hotel holds room for guest credit card - advanced deposit. Billed even if they do not use the room
What is the American Plan?
What is posting?
What is a guaranteed reservation?
Cut off date?
40. Rooms available X occupancy percentage X Average daily rate
What was the first Inn?
What are the differences between a C-Corp. and a REIT?
Forcasted rooms revenue
Market segmentation
41. When more money is paid out than comes in and the cashier uses his bank for the payment
Guest satisfaction
Due bank
Discuss a weakness of functional organizational design.
What is the average daily rate?
42. Reality = expectations satisfied
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
Role of management
Guest satisfaction
Taberna
43. Housekeeping
What is the largest department?
Market Segmentation
Franchisor
What is decentralization?
44. Owns hotels affiliated with chain brands
What is the most used operating ratio?
What is a guest ledger
Chain Management
Confirmed reservation?
45. A collection of all transactions incurred by a guest.
How do you calculate the % of no shows?
What is a guest account?
What is the most used operating ratio?
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
46. Rooms revenue divided by number of rooms sold
What is the average daily rate?
Is there really such a thing as a six or seven star hotel?
Distribution of the reports is the final step in night audit process?
What is a guest folio?
47. The accounting departments buys out the house petty cash vouchers with real cash - so that cash drawer is accurate
Paying off house vouchers
What is the difference between an employee and an associate?
What was the first Inn?
What are the differences between a C-Corp. and a REIT?
48. Owns hotel brands and sells the right to use them
Franchisor
Dimensions of Service Quality
What is a third-party distribution company?
Give an example of a fence used in the hotel industry
49. A checking of accounts done every morning to verify accuracy of cash transactions and to prepare bank deposit for the day
Who deals with the departure of the guests?
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
What is elastic demand?
TShe income Audit
50. C corp - legal - taxable entity - REIT - exempt from corporate tax as long as they comply with certain guidelines
How do you calculate the % of no shows?
What are the differences between a C-Corp. and a REIT?
Short
Who deal with the pre arrival of the guests?
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