Chapter_1_The_Hotel_Industry

Chapter_1_The_Hotel_Industry - HFT 3453 Lodging Operations...

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HFT 3453 – Lodging Operations HFT 3453 – Lodging Operations Control Control The Tourism Industry – All businesses that cater to the traveling public Tourism Industry Hospitality Retail (Shopping) Stores Transportation Services Destination (Activity) Sites Lodging Operations Food/Beverage Operations
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The Lodging (Hotel) Sector The Lodging (Hotel) Sector Full-Service Hotel A lodging property that offers a complete food and beverage service. Room Service – Food and beverage services delivered to a guest’s room. Limited-Service Hotel – A lodging property that offers no or very limited food services; sometimes a complimentary breakfast is served, but there is no table service restaurant.
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Range of Lodging Property Alternatives Range of Lodging Property Alternatives Destination Resorts Full-Service Hotels Limited-Service Hotels Sleeping Rooms
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Classification of Classification of Lodging Properties Lodging Properties Location Price Size
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Location Location 13,660 17,454 4,453 3,401 2,425 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 16,000 18,000 Suburban Highway Urban Airport Resort Property by Location The vast majority of all lodging properties (75% of properties and 61% of rooms) are in suburban or highway locations. The center city (urban), airport, and destination (resort) properties comprise a relative small percentage of lodging properties and room inventory in the United States. 1,231,682 1,327,518 666,820 469,247 490,496 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Suburban Highway Urban Airport Resort Rooms by Location
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Price Price 1,695 7,101 13,722 11,563 7,312 0 2,000 4,000 6,000 8,000 10,000 12,000 14,000 Under $30 $30-$44.99 $45-$59.99
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This note was uploaded on 03/06/2011 for the course HFT 4000 taught by Professor Brown during the Spring '11 term at FIU.

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Chapter_1_The_Hotel_Industry - HFT 3453 Lodging Operations...

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