Hotel companies are increasingly opting for ________ because considerably less capital is tied up in managing as compared to ownership.
A) franchising
B) referral companies
C) management companies
D) real estate investment trusts
Correct Answer:
Verified
Q9: In franchising, the franchisee is granted rights
Q10: The benefits of franchising include all of
Q11: Hotels and motels that are part of
Q12: The lack of operational power, high fees,
Q13: The primary growth and development strategy of
Q15: In this type of "ownership" investors do
Q16: Marriott builds a hotel for $34 million
Q17: Purchasing the right to use a company's
Q18: Franchising fees vary according to the agreements
Q19: An organization that rates and classifies hotels
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