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Brief Facts on Hotel & Tourism Management
S. Maurer,
Academic Director
Becausė of the warming of relations with the West, the Vietnamese market is opening up. Many of the Vietnamese living here have strong links with family and friends still living in their native country. The same is true of the Hispanic population. Owners of small businesses should be looking at an Hispanic workforce as a strategic opportunity.
Because the acquisition of a hotel property under a conventional program requires a large capital injection, many borrowers prefer to purchase a hotel property by utilizing the SBA 504 program.
Extent of hotel toilet-paper folding. The practice is followed by hotels the world over, according to Stephen Gill, a British photographer who published a book of pictures of folded hotel toilet paper from various nations.
A receptionist is often the first business contact a person will meet at any organization.
A receptionist is a person in an office/administrative support position.
For a limited service, flagged property 65% LTV is typical and that number can go down depending upon the age of the property and whether its interior or exterior corridor.
Flagged vs. Unflagged Properties: A flagged hotel property is simply a hotel that belongs to a national franchise.
Additional promotions, offering 50 percent off wine bottles on Sundays and beer and wine pairings, also have proven successful for the restaurant.
A receptionist is usually expected to have a high school diploma or the equivalent, but a receptionist may also possess a vocational certificate/diploma in business and office administration.
A legitimate caterer will have a business license and a health permit both showing the address of the place from which they do business.
A hotel property is considered special purpose in nature which simply means that IT¹ is generally cost prohibitive to convert IT¹ to alternate use.
A hotel Director/Manager or hotelier is a person who handles the everyday function and Management of a hotel.
Most exterior corridor properties are older and subsequently will not have the quality of furnishings and will have more deferred maintenance than an interior corridor property.
RevPar is most commonly calculated by multiplying a hotels average daily room rate [ADR] by IT¹ occupancy rate and is a key indicator of performance.
Certain high-technology products are inappropriate in some countries not only because of their cost but also because of their function. For example, a computerized industrial washing machine might replace workers in a country where employment is a high priority. In addition, these products may need a level of servicing that is unavailable in some countries.
