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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. 1. analyze the market 2. segment your customers 3. create different products for customers 4. forecast demand by segment 5. determine the optimal customer mix 6. use restrictions to maximize revenues
Guest expectations
Paying off the due bank
Moments of truth
What are the six steps in the Revenue Management Model?
2. 1990; accomodate guests and employees with disabilities
Who deals with the departure of the guests?
Paying off house vouchers
ADA
Where will the majority of the global growth take place
3. The first place where a lot of people could stay overnight and keep all their animals etc
Caravanseri
What is displacement?
Service recovery
Who deal with the pre arrival of the guests?
4. Less money in cash drawer than should be
What is a guest account?
Short
Top down or bottom up
What is the most used operating ratio?
5. Rooms department revenue divided by expected number of rooms sold
Independent Management Company
How to calculate average room rate?
Paying off house vouchers
What is...
6. 1. Solid brands 2. Strong frequent guest program backed by excellent service and high product quality
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7. Rooms available X occupancy percentage X Average daily rate
Forcasted rooms revenue
Paying off the due bank
Moments of truth
Where will the majority of the global growth take place
8. A checking of accounts done every morning to verify accuracy of cash transactions and to prepare bank deposit for the day
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?
Paying off the due bank
TShe income Audit
Tourism
9. Reality > expectations 'thrilled'
What is rack rate?
What is a narrow span of control?
Reality
Tourism
10. The hotel's standard published rate
What should be
What is rack rate?
Float Losses
What is a third-party distribution company?
11. Rooms actually reserved by group members
What is booked mean?
What is a wide span of control?
Top down or bottom up
Cut off date?
12. Hotels need to satisfy as many guests as possible and maximize revenues from existing demand
Why do hotels offer discounted rates?
Market segmentation
Top down or bottom up
What is centralization?
13. Hotel holds room for guest credit card - advanced deposit. Billed even if they do not use the room
Confirmed reservation?
When are lodging analysts bullish on hotel stocks?
What is a guaranteed reservation?
What are the six steps in the Revenue Management Model?
14. Reality = expectations satisfied
Float Losses
Guest satisfaction
Franchisor
What is a guest account?
15. Flat organization/ large number of employees reporting to one supervisor
What is a wide span of control?
What is a guest folio?
What is displacement?
What is reservation status?
16. Coles Ordinary
Non-guaranteed reservation?
European Plan
What was the first Inn?
Chain Management
17. Tangibles - reliability - responsiveness - assurance and empathy
Who is the keys of gold?
Dimensions of Service Quality
Who deal with the pre arrival of the guests?
What is the responsibility of the reservations?
18. C corp - legal - taxable entity - REIT - exempt from corporate tax as long as they comply with certain guidelines
Suite hotels
What are the differences between a C-Corp. and a REIT?
Room assignment process
What is a third-party distribution company?
19. First laws to govern hotels - no watering down beer and must pay hotel tax or get hand chopped off
What is corporate rate?
Code of Hammurabi
Non-guaranteed reservation?
Taberna
20. Expedia or Orbitz
TShe income Audit
What is a third-party distribution company?
Franchisor loading corporation
Non-collectible account
21. Blocking fewer rooms than requested by the group based on past history
What is a guaranteed reservation?
Role of management
Code of Hammurabi
What is wash (down)?
22. When more money is paid out than comes in and the cashier uses his bank for the payment
Who is the keys of gold?
Room assignment process
Due bank
What is rack rate?
23. 'end of day'
European Plan
What is wash (down)?
What is rack rate?
When does the night audit begin?
24. 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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25. 70% occupancy - each room category is occupied at 70%.
Ideal Room Rate
Market Segmentation
What is a guest ledger
Net Receipts
26. # of room no shows divided by # of room reservations
ADA
What is a guest folio?
Franchisor
How do you calculate the % of no shows?
27. Owns hotel brands and sells the right to use them
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
Franchisor
What is booked mean?
What is Room status discrepancy ?
28. Number of rooms occupied divided by number of rooms available
How the hotel size that has the largest percentage
Short
Merchant discount fee
How do u calculate occupancy %?
29. Where the rich people stayed when traveling in the Roman Empire
Who is the keys of gold?
What is rack rate?
What are the six steps in the Revenue Management Model?
Mansio
30. Room and meals are separate
Who deals with the arrival of guests?
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
How do you calculate the % of no shows?
European Plan
31. Reality < expectations dissatisfied
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 guaranteed reservation?
Service recovery
Guest expectations
32. Means to expand quickly with little capital -collect franchise fees
When does the night audit begin?
How do you calculate the % of no shows?
Paying off house vouchers
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
33. They are bullish because there is a near-zero amount of new hotel supply - Loans are difficult to get - Extremely limited new build activity
How to calculate average room rate?
Who deal with the pre arrival of the guests?
Net Receipts
When are lodging analysts bullish on hotel stocks?
34. 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
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
Owner/operator
NON REIT Owner
Hotels are typically organized along functional lines. List three strengths of functional organizational design.
35. 6%? look up
Mansio
Due bank
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
Reality
36. China and India
Where will the majority of the global growth take place
Moments of truth
TShe income Audit
Modified American Plan
37. A number of rooms set aside for a group
What is a block?
How to calculate average room rate?
The hotel classifications that make up 7% of all hotels but make 36% of all hotel revenue
What is the American Plan?
38. True
Distribution of the reports is the final step in night audit process?
Suite hotels
How to calculate average room rate?
What is a guaranteed reservation?
39. Where the poorer people stayed when traveling in the Roman Empire
What are 'fences'?
Due bank
Taberna
Paying off the due bank
40. Logical rational rules designed to allow customers to segment themselves into appropriate rate categories
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41. Negotiated based on number of rooms
What do on going franchise fees (including marketing fees) typically cost a hotel in terms of percent of revenues?
What is corporate rate?
Ideal Room Rate
What is group rate?
42. Rooms fill from bottom-up so we may need to construct that way - with greater availability of cheaper rooms
What is a third-party distribution company?
What is a guest folio?
Distribution of the reports is the final step in night audit process?
Top down or bottom up
43. Difference between 'What should be' and 'what is'
Over or Short
Over
Due bank
What is corporate rate?
44. A collection of all transactions incurred by a guest.
Confirmed reservation?
Caravanseri
What is posting?
What is a guest account?
45. Reservations and non refundable purchases for price sensitive guests versus opposite
Code of Hammurabi
What is...
What is rack rate?
Give an example of a fence used in the hotel industry
46. Hotel has to pay fee to VISA or AMEx - but does not reduce tip
What is a narrow span of control?
Over
Extended stay hotels
Merchant discount fee
47. Issuing the room key
What is the American Plan?
What is posting?
What completes the registration process?
What is housekeeping status?
48. Concierge/bellstaff
Who is the keys of gold?
How to calculate average room rate?
10000 rooms revenue. Sold 95 rooms with 5 comps
Code of Hammurabi
49. No - there aren't - it is self proclaimed - not awarded
Distribution of the reports is the final step in night audit process?
Float Losses
What is elastic demand?
Is there really such a thing as a six or seven star hotel?
50. Huge capital investment needed. Time to wait on zoning and construction.
How do you calculate the % of no shows?
Why might a hotel owner want to purchase a hotel franchise? What are the advantages of being a franchisee?
What is a guest ledger
What makes hotel franchising different from other types of franchises? Think about the difference between a quick-service restaurant and a full-service hotel.