have contributed to the hotel industry's rapid boom since the 70's. They became popular among hotel corporations because little or no up-front financing or equity is involved.
What are management contracts?
100
a more exotic location that is very much about the pleasure experience, often times you can find all inclusive packages at these types of hotels.
What are Resort Hotels?
100
They must provide owners with a reasonable return on investment, keep guests satisfied and returning, and keep employees happy. This individual must manage their time between both the front of house and back of house, making sure the guest know who they are and recognize the importance of their presence.
What is a general manager?
100
rooms revenue/rooms sold
What is ADR or Average daily rate?
100
earns a modest hourly wage and earns a percentage of the overall banquet total.
What is banquet setup person/setup person
200
must have 75% of its assets in real estate. Today their are about 300, with a market value of around $70 billion, they are great because investors do not pay corporate income tax.
What are Real Estate Investment Trust (REITs)?
200
see a large number of travelers arriving and departing, often deal with single night travelers.
What are Airport Hotels?
200
Includes directors of human resources, f&b,rooms division, marketing and sales, engineering, and accounting.
What is the executive committee?
200
100 rooms sold and 200 rooms available give you this outcome.
What is 50% room occuppancy percentage or ROP
200
banquet setup people would have to put out at least 25 types of this table to accomodate a 248 person wedding.
What is 72'' round banquet table?
300
is the largest management companie, is one of the leading hotel franchises as well.
What is Marriott International Corporation?
300
The Interstate Highway Act in the 60's helped push this type of hotel into prominence. They are generally smaller hotels and fall in the Economy category.
What is a freeway hotel/motel?
300
reports to the GM and is usually supervised by the assistant GM, they are responsible for the financial aspect of rooms, employee productivity, guest satisfaction,etc..
What is rooms division manager?
300
$10,000 in rooms revenue and 200 rooms sold gives you this result
What is $50 ADR?
300
a major risk bars encounter and they must watch their employees and make sure the inventory is locked up when not in use.
What is pilferage?
400
the counter to AAA, they give star ratings rather than diamond ratings.
What is Mobile Travel Guide, Forbes?
400
a combination facility in where you see overnight and weekend guest as well as longer term guest, weeks to months out of the year.
What is a Condotel? Will accept what is a mix use hotel as well.
400
is responsible for the hiring and firing of employees and also deals with the benefits and safety plans of the hotel.
What is human resource director/manager?
400
CRS is generally located off property
What is Central Reservation System?
400
can be seated at a 60'' table.
What is 6-8 people?
500
a hotel within the price range of $49-$69 an example is a Comfort Inn or Days Inn.
What is an Economy Hotel?
500
run by the innkeepers and offer a unique experience that makes you feel right at home. They range in size from 2 rooms up to 10 rooms and range in price from $30 to $300 a night.
What are bed and breakfast inns?
500
is responsible for the EMS and the overall maintenance of the hotel
What is engineer or maintenance manager?
500
allocates teh right type of room to the right guest at the right price so as to mximize revenue per available room.
What is yield management?
500
deals with in-room-dinning and this individual can make a serious income on tips.