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105 study guide prelim 1

105 study guide prelim 1 - HADM Study Guide 1105 Prelim 1...

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HADM Study Guide 1105- Prelim 1 Lecture Notes Lecture 1 Service level classifications o Luxury Exclusive and elegant, often palatial, offering highest standards of service, accommodations, and facilities approximately $250+ a night Four seasons, ritz carlton, W hotels, fairmont o Upscale An above average facility. May be an exceptionally well maintained older facility but more likely a superior modern facility with some outstanding features. Approx $150-$249 a night Hyatt, Hilton, Marriott, sheraton o Moderate midscale w/ or w/o f&b Generally comfortable, simple accommodations. May be lacking in some features (for example a mid scale w/o F&B property would not have a restaurant). Approximately $100-$149 a night Holiday inn, Hampton inn o Budget/economy Modest accommodations, functional, emphasizing clean and comfortable rooms. Under 100 a night Motel 6 Basic Terminology o ADR = Average daily rate Room revenue/ Room nights sold o Occupancy
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Room nights solder/room nights available o RevPar= revenue per available room, common measure of performance of the hotel.
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