HTM 2100 Study Guide - Midterm Guide: Best Western, Motel 6, Knights Inn

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Document Summary

1. materials covered from chapter 1 to 4: calculating adr, revpar, and occupancy rate: Adr (average daily rare) the average selling price of all guest rooms in a hotel, city, or country for a specific period of time. Revpar the average revenue generated by each guest room available during a specific time period. Occupancy rate the ratio of guest rooms sold to the number of guest rooms available for sale in a given time period and expressed as a percentage. Total rooms available: four functions of management, planning, organizing, directing, controlling, hotel management companies: an organization that operates a hotel for a fee. Implement sales and marketing plans: managing and directing. 2: generate reliable financial data about the hotel, establish suitable staffing, report regularly to the owner (things like revpar) Operate hotels for owners using the management company"s trade name as the hotel brand: second tier management companies:

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