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Questions and Answers
Smith Travel Research (STR) breaks down chain hotels into several different tiers, based on their revenue growth.
Smith Travel Research (STR) breaks down chain hotels into several different tiers, based on their revenue growth.
An organization that rates and classifies hotels and awards them Diamond is the..
An organization that rates and classifies hotels and awards them Diamond is the..
All properties must undergo star and diamond rating evaluations.
All properties must undergo star and diamond rating evaluations.
Which of the following is NOT true about independent hotels?
Which of the following is NOT true about independent hotels?
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Mr. White has hotel management experience and financial resources. His primary focus in hotel management is localizing the hotel to appeal to the local market. Which option best suits Mr. White?
Mr. White has hotel management experience and financial resources. His primary focus in hotel management is localizing the hotel to appeal to the local market. Which option best suits Mr. White?
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Which of the following is NOT an advantage of having a management contract?
Which of the following is NOT an advantage of having a management contract?
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In this type of ownership, the property owner owns AND operates the business according to specific standards and guidelines.
In this type of ownership, the property owner owns AND operates the business according to specific standards and guidelines.
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Operating a franchise hotel requires a significant upfront investment.
Operating a franchise hotel requires a significant upfront investment.
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Which of the following is true?
Which of the following is true?
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What term describes the indirect economic impact of a hotel on the local community?
What term describes the indirect economic impact of a hotel on the local community?
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Study Notes
Hotel Classification
- Smith Travel Research (STR) categorizes chain hotels into tiers based on revenue growth.
Hotel Ratings
- Hotels undergo star and diamond rating evaluations.
- The organization that rates and classifies hotels, awarding them Diamonds, is unspecified.
Independent Hotels
- Independent hotels do not have a brand affiliation or management contract.
Hotel Management
- Mr. White's hotel management focus is on localizing the hotel to appeal to the local market.
- Mr. White's experience and resources make him suitable for independent hotel management.
Hotel Ownership
- In owner-operated hotels, the property owner owns and operates the business according to specific standards and guidelines.
Franchising
- Operating a franchise hotel requires a significant upfront investment.
Economic Impact
- The indirect economic impact of a hotel on the local community is described as an unspecified term.
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Description
Test your knowledge of the STR hotel tier classification system, which categorizes chain hotels based on their revenue growth. Learn about the different tiers and how they are defined. This quiz is perfect for hospitality professionals and anyone interested in the hotel industry.
