Hotel Cost Classification Quiz
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Hotel Cost Classification Quiz

Test your knowledge on fixed costs and variable costs in the hotel industry. Learn about expenses like salaries, depreciation, debt service, and food product costs.

Created by
@AstoundedEucalyptus

Questions and Answers

Which type of costs in a hotel do not change according to the number of guests?

Fixed costs

What percentage of all costs in a hotel do fixed costs usually account for?

60-80%

Which external factors make up the macroenvironment of a hotel?

Six PESTEL dimensions

Which dimension of the PESTEL analysis directly influences the revenue management system of a hotel by impacting tourism demand?

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

Which factor from the social dimension of the PESTEL analysis can directly impact the revenue management system of a hotel?

<p>Population size</p> Signup and view all the answers

Which type of cost in a hotel changes according to the number of guests?

<p>Variable costs</p> Signup and view all the answers

In a hotel, which cost factor is typically influenced by the number of guests staying?

<p>Food product costs</p> Signup and view all the answers

What is the main characteristic of fixed costs in a hotel?

<p>They do not change based on the number of guests.</p> Signup and view all the answers

Which of the following is considered part of the macroenvironment of a hotel?

<p>Balance of payments</p> Signup and view all the answers

What is the primary focus of the PESTEL analysis in the context of hotel revenue management?

<p>External environmental factors</p> Signup and view all the answers

Which factor directly impacts a hotel's revenue management system by affecting tourism demand?

<p>Economic growth</p> Signup and view all the answers

If a hotel sees a decrease in tourism demand due to economic recession, which cost category is most likely to be affected initially?

<p>Food product costs</p> Signup and view all the answers

How do fixed costs typically compare to variable costs in terms of percentage contribution to total hotel expenses?

<p>Fixed costs usually account for 60-80%.</p> Signup and view all the answers

What makes variable costs different from fixed costs in a hotel setting?

<p>Variable costs are influenced by the number of guests.</p> Signup and view all the answers

Which aspect of the external environment is beyond a hotel's control but requires adaptation?

<p>Macroenvironment factors</p> Signup and view all the answers

What is the primary purpose of analyzing the social dimension in PESTEL for a hotel's revenue management?

<p>To understand travel preferences and population growth</p> Signup and view all the answers

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