Podcast
Questions and Answers
What was the 2011 annual RevPAR percent change?
What was the 2011 annual RevPAR percent change?
between 15 and 20
__________ reports are often used in feasibility studies by potential owners/developers and consultants.
__________ reports are often used in feasibility studies by potential owners/developers and consultants.
HOST
Hotels in the phases 'in construction,' final planning, and planning are considered 'under ___________.
Hotels in the phases 'in construction,' final planning, and planning are considered 'under ___________.
contract
On a pipeline report, hotel supply is separated by the non-geographical category called: ________.
On a pipeline report, hotel supply is separated by the non-geographical category called: ________.
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Which two chain scales will probably experience the largest supply growth in the near future?
Which two chain scales will probably experience the largest supply growth in the near future?
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Which of the following is NOT a valid way to select hotels for a Trend Report?
Which of the following is NOT a valid way to select hotels for a Trend Report?
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__________ reports help the person reading the report determine the current and future supply for a specific geographic area.
__________ reports help the person reading the report determine the current and future supply for a specific geographic area.
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Which one of the following can be determined from the 2010 monthly percent changes?
Which one of the following can be determined from the 2010 monthly percent changes?
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Another hotel term for supply: _______ ________.
Another hotel term for supply: _______ ________.
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Another hotel term for 'rooms sold:' __________.
Another hotel term for 'rooms sold:' __________.
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Pipeline reports do NOT show what kind of data?
Pipeline reports do NOT show what kind of data?
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What type of data can NOT appear in a Trend report?
What type of data can NOT appear in a Trend report?
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A HOST or Profitability report displays what type of information?
A HOST or Profitability report displays what type of information?
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In a _______ report, a classic page shows monthly raw data and KPI's for selected hotel properties.
In a _______ report, a classic page shows monthly raw data and KPI's for selected hotel properties.
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What metrics do HOST and Profitability Reports display?
What metrics do HOST and Profitability Reports display?
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Which one of the following is an accurate statement?
Which one of the following is an accurate statement?
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Which of the following statements regarding the information displayed on this page of the Trend report is FALSE?
Which of the following statements regarding the information displayed on this page of the Trend report is FALSE?
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The rules for the hotels selected in a Trend report are similar to the rules for creating a comp set.
The rules for the hotels selected in a Trend report are similar to the rules for creating a comp set.
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Which one of the following is a rule related to requesting Trend report(s)?
Which one of the following is a rule related to requesting Trend report(s)?
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The four phases for hotel projects in the development pipeline in order include: __ ________ , final planning, planning, and unconfirmed (pre-planning).
The four phases for hotel projects in the development pipeline in order include: __ ________ , final planning, planning, and unconfirmed (pre-planning).
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Which one of the following is an accurate statement regarding Supply growth over the last 5 years?
Which one of the following is an accurate statement regarding Supply growth over the last 5 years?
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What kind of data is NOT displayed on a HOST report?
What kind of data is NOT displayed on a HOST report?
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Which one of the following is an accurate statement regarding Supply growth over the last 5 years?
Which one of the following is an accurate statement regarding Supply growth over the last 5 years?
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Using the information from an excerpt of the Historical Trend report page above, which one of the following is an accurate statement?
Using the information from an excerpt of the Historical Trend report page above, which one of the following is an accurate statement?
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_________ reports include profit and loss (P&L) data for selected properties.
_________ reports include profit and loss (P&L) data for selected properties.
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Study Notes
RevPAR and Supply Growth
- 2011 saw a RevPAR percent change between 15% and 20%.
- Upscale and Upper Midscale segments are projected to experience the largest supply growth.
- The Upper Upscale group faced a significant decrease in supply between 2009 and 2010.
- The upscale segment has experienced a notable increase in supply over the last five years.
Report Types and Applications
- HOST reports are commonly utilized in feasibility studies by potential owners, developers, and consultants.
- Pipeline reports provide insights into the current and future supply of hotels in a specific geographic area.
- Trend reports showcase monthly raw data and Key Performance Indicators (KPIs) for selected hotel properties.
Hotel Development Phases
- Hotels are categorized as "under contract" if they are in construction, final planning, or planning phases.
- The four phases of hotel projects in the development pipeline include: in construction, final planning, planning, and unconfirmed (pre-planning).
Data Presentation and Validity
- Pipeline reports do not present annual performance overviews.
- Trend reports do not include profitability data; rather, they focus on occupancy and average daily rate (ADR).
- HOST or Profitability reports display comprehensive Profit and Loss information, encompassing revenue, expenses, and profit accounts.
Key Metrics and Definitions
- "Rooms available" is another term for hotel supply.
- "Demand" refers to the number of rooms sold.
- The term "all of the above" encompasses various metrics that HOST and Profitability Reports display.
- The ADR for the initial eight months of 2013 showed improvement compared to the same period in 2012.
Accuracy and Trends in Reports
- Inconsistencies can be found in reports, such as erroneous claims of double-digit RevPAR growth during the summer of 2011.
- The process for selecting hotels in a Trend report aligns with creating a competitive set.
General Reporting Rules
- Rules regarding the selection for Trend reports apply to multiple aspects of data requests and reporting.
- HOST reports include profit and loss (P&L) data for specific properties, aiding in financial assessments.
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Description
Test your knowledge on key concepts from Module 4 of Hospitality Management. This quiz covers essential terms and definitions related to hotel industry metrics and feasibility studies. Perfect for students and professionals in the hospitality field.
