Urban parking is a revenue center for the hotel when it:
a. Owns the garage
b. Leases the garage
c. Out sources the garage
d. It is rarely a revenue maker for hotels
e. All of the above except d
The closing balance of each day is the same as the opening balance of the following day; whether the count is cans of peas, bottles of scotch or accounts receivable.
Indicate whether the statement is true or false
List the divisions that support the overall casino operations.
What will be an ideal response?
The lodging industry has several characteristics including:
a. A highly perishable product
b. Low turnover of employees
c. An almost zero level of fixed costs (the nut)
d. Minimal competition from other industries
e. Both b and d
Incentive tours are highly prized single entities with the winners expecting and receiving only the best of accommodations.
Indicate whether the statement is true or false
Cash has become less and less important to the management of guest folios since both the hotels and their guests prefer credit cards.
Indicate whether the statement is true or false
The price-occupancy mix is a management decision because the same total rooms revenue (yield) can be achieved by either higher rates and lower occupancy or lower rates and higher occupancy.
Indicate whether the statement is true or false
Explain the organizational structure of a casino facility.
What will be an ideal response?
Writing 53.21 as 35.21 is called a transposition; writing 53.21 as 532.10 is called a slide.
Indicate whether the statement is true or false
If many attendees from the same company come to the show/convention, a single entity group may be created within the convention.
Indicate whether the statement is true or false
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