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Introduction To Hospitality: Hoteling
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Introduction To Hospitality: Hoteling
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25 Questions

1. Familiarly known - offer an alternative lodging experience to the normal hotel or motel

2. Meets the needs of the traveling public for business or leisure reason

3. Offers consumers the opportunity to purchase fully furnished vacation accommodations in a variety of forms. Fastest growing segment of U.S. travel and tourism industry. 12 -500 average cost to consumer; Began in French Alps during the late 1960s.

4. Inclusive and diversified in accommodations

5. Coming into the financial mainstream; casinos make more money from the gaming than from the rooms

6. A convenient place to stay - reasonably priced and with few frills

7. MGM Grand in Las Vegas; 5 -505 rooms

8. Investors do not pay corporate income tax and instead are required to distribute at least 95% of net income to shareholders. Traded as stocks; they are much easier to get into and out of than limited partnerships or the direct ownership of properties

9. Franchising - Referral Associations - Management Contracts - Real Estate Investment Trusts

10. Has declined in recent years because of the economy. High percentage of guest who check into upscale hotels.

11. Generally - people with incomes in the 35000-74000 range. Average cost per person: $95-$195 per day - depending on location and size of cabin.

12. Train - Automobile - Aircraft - Cruise Ship

13. The marked differences between the segments of the cruise industry.

14. Price -Location -Type/Level of service

15. Hotel that may also have residences

16. National Restaurant Association; It forecasts a need for thousands of supervisors and managers for the hospitality and tourism industries.

17. Central Florida Hotel and Lodging Association; Largest Region Hotel Association in the world.

18. Leisure/Pleasure Travel -Business Travel

19. Competition between airlines to provide lower fairs has had a significant impact on increased air travel -Travelers are paying less - but carriers are spending more on fuel and other cost (cutbacks and layoffs)

20. Given when the person making the reservation wishes to ensure that the reservation will be held. This is arranged at the time the reservation is made and generally applies in situations when the guest is expected to arrive late.

21. A middle-person who acts as a travel counselor and sells travel services on behalf of airlines - cruise lines - rail and bus transportation companies -hotels and auto rental companies.

22. Generally - people with incomes in the $75000-99000 range - interested in an average cost per person of $175-$350 per day. Cruise lines in this market are: Princess - Norwegian Cruise Lines - Royal Caribbean - Holland America Lines - Windstar Cruises

23. Reservations made with sufficient time for a confirmation slip to be returned to the client by mail or fax.

24. Unique architecture - style - decor and smaller in size

25. Room revenue/Rooms Sold