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10: Review Questions
Describe the differences among the categories of businesses in the lodging industry.
What is a convention hotel?
Why is a guest room in a limited-service property less expensive than a room in a full-service hotel?
Give two examples of specialty accommodations and describe their level of service.
What is the difference between an independent, chain, and franchise lodging property?
What does a hotel management company do?
Why does an independent hotel sometimes have a hard time competing against the chains?
What are the five price categories of lodging properties?
What is the difference between a room rate and a rack rate?
What are the six major segments of the lodging market?
List the functions in lodging businesses.
List four types of foodservice found in lodging properties.
Describe a lodging concept. What information is included in a lodging concept?
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