MAAM DIANNE
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were built along the routes primarily at points where teams of horses were changed. The British use the term ordinary to describe such inns.

Coach inns

hotels are historically understood to have been the first type of lodging management association. As was reviewed earlier, the earliest lodgings were offered out of people's homes.

Owner operated

hotels are those where the owner has hired additional (nonfamily) personnel to help run the property. These hotels can be large or small. The overall management remains with the owner, but day-to-day operations can be in other hands.

Owner Managed

are also not chain affiliated. In these hotels, the owner has no role in management or day-to-day operations. An independent group of managers are responsible to the owner for the hotel's performance.

<p>Independent Hotels</p> Signup and view all the answers

are independently owned hotels that affiliate themselves with a chain. In a franchise agreement, the owner (franchisee) pays a franchise fee to the chain (franchiser) in exchange for the rights to use their name.

<p>Franchised Hotel</p> Signup and view all the answers

is the result of a product or service a hotel makes available to guests for a price. The size and scope of these sources can differ greatly from hotel to hotel.

<p>Revenue Source</p> Signup and view all the answers

source can be a hotel's business center, golf course, tennis center, audio/visual services, or gift shop.

<p>Ancillary revenue</p> Signup and view all the answers

determined by comparing the sales revenue versus the costs incurred in provicing a service or product.

<p>Profit margin</p> Signup and view all the answers

One must look at what it costs the hotel to keep a room up and running in refation to what that room is sold for to the average guest.

<p>Room cost</p> Signup and view all the answers

Defined as the cost of a particular food item in refation to the price for which it is sold.

<p>Food cost</p> Signup and view all the answers

Sleeping rooms at a hotel are considered a perishable commodity. Each night, when a room goes unsold. the hotel foses that opportunity to ever sell it again

<p>Opportunity cost</p> Signup and view all the answers

Defined as guests who are staying at the hotel and will, for convenience and lack of other options, utilize the outfets in the hotel.

<p>Captive Audience Quotient</p> Signup and view all the answers

are classified by physical positioning in relation to the customers in the area and to their tangible locale.

<p>Location types</p> Signup and view all the answers

location types apply to hotels located in dense urban areas. This doesn't necessarily mean the city center, but most often does.

<p>Downtown</p> Signup and view all the answers

is a locally funded, or privately owned structure that caters to large groups and conventions for meetings of all kinds.

<p>Convention center</p> Signup and view all the answers

is one who is more likely to be interested in a product or service than the general population due to personal interest or need.

<p>receptive customer</p> Signup and view all the answers

are traditionally those located in an area that makes them the first practical stop for an international flight coming into a country.

<p>Gateway cities</p> Signup and view all the answers

is the measurement of room sales versus available rooms. The rooms that are sold fall into to types or categories: group and transient. The combination of group and transient rooms makes up the hotel's occupancy.

<p>Occupancy</p> Signup and view all the answers

is the person or entity that acts as a liaison between a guest and the hotel. Intermediaries are also referred to as third parties.

<p>intermediary</p> Signup and view all the answers

are rooms that originate from individual reservations. Business and pleasure guests who stay at the hotel for reasons unrelated to functions being held there generally fill transient rooms.

<p>Transient room</p> Signup and view all the answers

is the time between when an individual reservation is made and when that reservation is due to arrive.

<p>individual booking cycle</p> Signup and view all the answers

which are made by guests arriving unannounced at a hotel looking for rooms, cannot be measured as part of the booking cycle because they are difficult to predict.

<p>Walk-in reservations</p> Signup and view all the answers

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