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Questions and Answers
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.
HOST
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: ________.
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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?
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__________ 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?
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Another hotel term for supply: _______ ________.
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Another hotel term for 'rooms sold:' __________.
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Pipeline reports do NOT show what kind of data?
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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?
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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?
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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?
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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)?
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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?
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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?
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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?
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_________ 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.
