Hospitality & Tourism
The process of a guest leaving the hotel and paying their bill
What is check out?
What is a slogan used for?
To make a brand memorable
What are the DECA colors?
blue, gold, and white
The index tracks the stock performance of 500 of the largest 500 of the largest U.S companies.
What is the S&P 500?
What is the most followed sport in the world?
Soccer
This term describes the number of rooms sold divided by the number of rooms available
What is occupancy rate?
The group of consumers that a company aims its products and services toward.
What is Target Market?
What does DECA stand for?
Distributive Education Clubs of America
Often the bottom line, this figure on an income statement represents a company's total revenue after all the expenses, taxes, and costs.
What is net income?
What city does batman live in?
Gotham City
Name two factors that affect a destination's tourism seasonality
Weather, holidays, school schedules, events, etc.
Advertising, Public Relations, and Personal Selling are all components of this Marketing Mix element.
What is Promotion?
Name the DECA event sectors?
This type of investment fund is noted for its high risk, high fees, and use of complex strategies like leverage and short selling, big for high investors.
What is a hedge fund?
What video platform became popular for short form, comedy, and lip sync videos before TikTok?
Vine
What is overbooking and why do hotels do it?
Selling more rooms than available and to avoid losing money from no shows
The name for all the activities involved in getting a product from the producer to the consumer.
What is Distribution? (or Place)
What is the name of DECA's international competition and what does it stand for?
ICDC, International Career Development Conference
A contract giving the owner the right, but not the obligation, to buy or sell an asset at a predetermined price by a specific date.
What is an option?
Which Canadian city is drake's hometown
Toronto
What is dynamic pricing in the hospitality industry and why do hotels do it?
Adjusting room rates in real time based on demand, competition, season, and events. Hotels use it to maximize revenue and stay competitive.
The stage of the Product Life Cycle where sales are highest and competition is most intense.
What is the Maturity stage?
What are the four DECA guiding principles?
Academically Prepared, Community Oriented, Professionally Responsible, Experienced Leaders
This IRS form, which employers must send to employees by January 31st, reports an employee's total annual wages and the amount of tax withheld.
What is a W-2 form?
What is Rihanna’s real name?
Robyn Fenty