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Classifications of lodging properties; franchising in the lodging industry
1. What are some of the classifications of lodging properties? What are some examples of real-world lodging properties that represent these classifications? What are the differences between limited-service and full-service hotels? Why do these differences exist?
2. How does franchising work in the lodging industry? When should a hotel consider becoming a part of a franchise? Explain your answer. Is franchising a successful strategy for all hotels? Why or why not?
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Scott made no capital contributions during the year, but did make withdrawals of $60,000. Illustrate what is the amount of Scott's owner's equity at the end of the year.
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GE is introducing a 52-inch big screen, What strategic recommendations would you make to GE regarding the initial target market for the new big screen HDTV?
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