Room sales:
a. Account for most of the industry's revenue
b. Are the industry's second most profitable department
c. Produce more dollars than food, beverage and telephone combined
d. Account for almost 100 of revenue at budget hotels
e. All of the above except b
Discuss the role and function of services in a larger casino resort.
What will be an ideal response?
Use the following data, some of which may be helpful and some of which may be useless, to compute the building cost rule-of-thumb formula: The hotel has 400 rooms. Income from all operating departments is 3,200,000 annually.
Cost of land is 4,000,000 . Cost of the building is 32,000,000 . Cost of bank funds is 12 annually. Occupancy for next year is projected to be 72. a. 29.59
b. 64.80
c. 90.00
d. 108.00
e. None of the above are the correct answer for the Building Cost Formula
For most conventioneers, the hotel room is the largest single expenditure category aside from air travel.
Indicate whether the statement is true or false
Property Management Systems require unit managers to wait for nightly reports rather than having the data for operational decisions throughout the day.
Indicate whether the statement is true or false
To assure shareholders' interests are independently maintained, the general manager of a hotel is never an officer of the company that manages the property.
Indicate whether the statement is true or false
Traditional corporations are sometimes called C-Corporations to distinguish them from REITs.
Indicate whether the statement is true or false
Errors in addition may be identified by looking for:
a. A slide, where 5,321.00 is recorded as 53.21
b. A transposition, where 5,321.00 is written as 5312.00
c. An error that is reflected by differences of 1, 10, 100, 1,000
d. A figure that is evenly divided by 9
e. Both a and d
Explain the functions and duties of the security department.
What will be an ideal response?
A trade show is a type of advertising (movie or Internet video) traded for lodging business. Also known as a trade-out.
Indicate whether the statement is true or false
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