HB 237 Study Guide - Quiz Guide: Gross Profit, Revpar, Apartment Hotel
Document Summary
Lodging industry - all business that provide overnight accommodations. Hotel - establishment provide sleeping rooms, various services. Hotelier - owner/manager of one or more hotels. Market - potential customers for a business"s products/services. Value (lodging accommodations): price paid for a room relative to the quality of the room/service. Full-service hotel - lodging facility with complete food/beverage service. Room-service: delivery of food/beverages to a guests" rooms. Limited-service hotel: facility with no or limited food/beverage service, also called select-service hot. ) Bed/breakfast inns: very small properties owned by person living on-site, typically offers one meal a day. Camp/park lodges: sleeping facilities in national, state, other parks and recreational areas. Extended stay hotel: moderate cost, limited-service hotel for extended times (one week or more) Convention hotel: lodging property with meeting/exhibition spaces that market associations, corporates, and etc. with big groups. Conference center: specialized hospitality operation specifically designed for and dedicated to the needs of small- and medium-sized meetings of 20 to 100 people.
