Corporations that operate a hotel without capital outlay in exchange for a percentage of gross sales are known as
A) vacation brokers
B) management companies
C) leasing companies
D) franchisees
Correct Answer:
Verified
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
Q23: Hotels that are typically furnished, have a
Q25: The fastest growing segment of the travel
Q27: List five factors involved in the growth
Q29: List three popular forms of ownership used
Q32: Compare and contrast the following concepts: franchise,partnership,leasing
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