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Test your basic knowledge |
Hotel Operations Management
Start Test
Study First
Subject
:
hospitality
Instructions:
Answer 50 questions in 15 minutes.
If you are not ready to take this test, you can
study here
.
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. A statement of all transactions that affect the balance of an account
Forbes 5 star
What is posting?
Give an example of a fence used in the hotel industry
What is a guest folio?
2. Hotels need to satisfy as many guests as possible and maximize revenues from existing demand
Code of Hammurabi
Why do hotels offer discounted rates?
How the hotel size that has the largest percentage
Non-collectible account
3. Housekeeping
What is...
What is the largest department?
Tour package coupons
Dimensions of Service Quality
4. China and India
What is corporate rate?
What is the responsibility of the reservations?
What completes the registration process?
Where will the majority of the global growth take place
5. Not sensitive to price. Business travel market
Who is the keys of gold?
Extended stay hotels
What are the six steps in the Revenue Management Model?
What is inelastic demand?
6. Where the rich people stayed when traveling in the Roman Empire
What is rack rate?
What is booked mean?
Mansio
What is the average daily rate?
7. Under 150 rooms
Franchisor
Forcasted rooms revenue
What is group rate?
How the hotel size that has the largest percentage
8. 6%? look up
When are lodging analysts bullish on hotel stocks?
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
How do you calculate the % of no shows?
How to calculate average room rate?
9. 1. low variable costs - high fixed costs 2. perishable inventory 3. variable demand patterns 4. ability to forecast future demand 5. ability to segment customers
Is there really such a thing as a six or seven star hotel?
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 guest ledger
Airport hotels
10. Focus is more for business clientele - airline passengers - airline personnel - and meeting attendants
WHat department is the heart of the hotel?
Airport hotels
When does the night audit begin?
Dimensions of Service Quality
11. Room and meals are separate
What is decentralization?
How do u calculate occupancy %?
Confirmed reservation?
European Plan
12. FD/PBX
Merchant discount fee
Over or Short
When does the night audit begin?
Who deals with the occupancy of the guest?
13. 'end of day'
When does the night audit begin?
What is corporate rate?
What is a guest ledger
Service recovery
14. Occupancy %
Market segmentation
Float Losses
What is the most used operating ratio?
What is the largest department?
15. Room + 2 meals
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
Caravanseri
Confirmed reservation?
Modified American Plan
16. Rooms available X occupancy percentage X Average daily rate
What are the differences between a C-Corp. and a REIT?
Forcasted rooms revenue
What is housekeeping status?
Mansio
17. Less money in cash drawer than should be
Paying off the due bank
What completes the registration process?
Modified American Plan
Short
18. Rooms revenue divided by number of rooms sold
What is the average daily rate?
Airport hotels
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
What is posting?
19. More money in cash drawer than should be
What is corporate rate?
What is the American Plan?
Guest expectations
Over
20. Coupons used by members of tour groups to pay for meals etc...
What is rack rate?
What is the most used operating ratio?
Tour package coupons
Ideal Room Rate
21. Cash according to accounts
Mansio
What is the difference between an employee and an associate?
What is a block?
What should be
22. Encourages department performance instead of the main goal which is overall hotel performance
Discuss a weakness of functional organizational design.
When does the night audit begin?
What was the first Inn?
Non-guaranteed reservation?
23. C corp - legal - taxable entity - REIT - exempt from corporate tax as long as they comply with certain guidelines
What are the differences between a C-Corp. and a REIT?
Airport hotels
TShe income Audit
What is inelastic demand?
24. A checking of accounts done every morning to verify accuracy of cash transactions and to prepare bank deposit for the day
What is a third-party distribution company?
When are lodging analysts bullish on hotel stocks?
TShe income Audit
Confirmed reservation?
25. No - there aren't - it is self proclaimed - not awarded
What completes the registration process?
Confirmed reservation?
Why do hotels offer discounted rates?
Is there really such a thing as a six or seven star hotel?
26. They are bullish because there is a near-zero amount of new hotel supply - Loans are difficult to get - Extremely limited new build activity
When are lodging analysts bullish on hotel stocks?
Who deals with the arrival of guests?
How to calculate average room rate?
What is the American Plan?
27. Huge capital investment needed. Time to wait on zoning and construction.
Float Losses
Market segmentation
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.
Dimensions of Service Quality
28. Separation between classes of hotels - luxury - mid-scale - economy
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?
Market segmentation
NON REIT Owner
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
29. # of room no shows divided by # of room reservations
What is a guest folio?
What is reservation status?
Who deals with the arrival of guests?
How do you calculate the % of no shows?
30. 1990; accomodate guests and employees with disabilities
The lodging industry has several unique characteristics which make it ideal for utilizing yield management. Name at least four of the characteristics.
Taberna
ADA
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?
31. Blocking/pre-assigning rooms
Room assignment process
What is a guest folio?
What is decentralization?
10000 rooms revenue. Sold 95 rooms with 5 comps
32. The separation between rich and poor
Market Segmentation
What is the most used operating ratio?
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
Service recovery
33. Hotel has to pay fee to VISA or AMEx - but does not reduce tip
10000 rooms revenue. Sold 95 rooms with 5 comps
Merchant discount fee
What is a wide span of control?
Tour package coupons
34. An organization member has the right to make a decision without obtaining approval from a higher level manager.
What is decentralization?
When does the night audit begin?
What is corporate rate?
ADA
35. Retained to manage a hotel on behalf of the owner
Net Receipts
What is booked mean?
Independent Management Company
Top down or bottom up
36. The process of recording transactions onto a folio
What is posting?
Due bank
What is a guest account?
Net Receipts
37. Reversal of problem; solving the problem and retaining the goodwill of the customer.
How to calculate average room rate?
What is wash (down)?
Service recovery
Tourism
38. City Hotel - NY city
What is...
What was the first Hotel?
How the hotel size that has the largest percentage
Service recovery
39. 1. Solid brands 2. Strong frequent guest program backed by excellent service and high product quality
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40. Logical rational rules designed to allow customers to segment themselves into appropriate rate categories
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41. Reality = expectations satisfied
Guest satisfaction
Top down or bottom up
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
Market segmentation
42. Literally owns and operates hotel
How do you calculate the % of no shows?
When are lodging analysts bullish on hotel stocks?
Owner/operator
Independent Management Company
43. Hotel holds room until 4 or 6
Non-guaranteed reservation?
When does the night audit begin?
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
Over or Short
44. Front Desk
What was the first Hotel?
WHat department is the heart of the hotel?
A hotel sold 95 rooms with 5 compted rooms. It is a 150 room hotel with 25 out of order. What is the occupancy %?
Merchant discount fee
45. Flat organization/ large number of employees reporting to one supervisor
Caravanseri
What is centralization?
What is a wide span of control?
Where will the majority of the global growth take place
46. 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
How to calculate average room rate?
Mansio
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
ADA
47. Negotiated based on number of rooms
What is group rate?
Reality
Ideal Room Rate
TShe income Audit
48. The first place where a lot of people could stay overnight and keep all their animals etc
How do u calculate occupancy %?
ADA
Airport hotels
Caravanseri
49. Rooms fill from bottom-up so we may need to construct that way - with greater availability of cheaper rooms
What is the average daily rate?
Top down or bottom up
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
What is the responsibility of the reservations?
50. Number of rooms occupied divided by number of rooms available
How do u calculate occupancy %?
What is the most used operating ratio?
What is a guest folio?
What is...