Franchising is a concept that allows hotels to:
A) expand rapidly by using other people's money
B) pay a fee based on a percentage of gross revenue to the owners
C) provide tax benefits to investors
D) provide careful consideration to the location of new properties
Correct Answer:
Verified
Q9: Marriott builds a hotel for $34 million
Q10: Of the 60,000 properties inspected by AAA
Q11: Hotels classified by location might include:
A)city, resort,
Q12: Franchisee benefits include all of the following
Q13: Which of the following is a benefit
Q15: In this type of ownership, investors do
Q16: Two organizations that rate and classify hotels
Q17: Management contracts became popular in the 1970's
Q18: The majority of franchise growth is found
Q19: The largest lodging enterprise in the world
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