Franchise and referral groups
Franchise and referral groups- Franchise and referral groups are two distinct business models, each with its own characteristics and advantages. Franchise Groups:Franchise Business: A franchise is a business model in…
UNIT III
Chain hotels
Chain hotels- Chain hotels are a type of accommodation that is part of a larger hotel brand or franchise. These hotels are part of a network of properties that operate…
Independent hotels
Independent hotels- Independent hotels, also known as boutique hotels or non-branded hotels, are lodging establishments that are not affiliated with a major hotel chain or brand. Unlike chain hotels, which…
Ownership and affiliation
Ownership and affiliation- Ownership and affiliation are concepts related to an individual's or organization's connections to or control over other entities, particularly in the business and organizational context. Here's a…
Economy/limited service
Economy/limited service- "Economy/limited service" typically refers to a level of service or a class of travel offered by airlines, hotels, or other service providers. It's often associated with a lower…
Mid‐range service
Mid‐range service- "Mid-range service" typically refers to a level of service that falls between low-end or basic services and high-end or premium services. It is a term often used in…
World class service
World class service- "World-class service" is a term used to describe exceptionally high-quality service that goes above and beyond customer expectations. It implies that a service provider or organization consistently…
Levels of service
Levels of service- "Levels of service" is a term commonly used in various fields to refer to the quality and performance standards that must be met in the provision of…