The Two Common Approaches Used to Determine Appropriate Competitive Set

question 13

Multiple Choice

The two common approaches used to determine appropriate competitive set or cluster for a hotel are:

• A) ADR and RevPAR
• B) Occupancy and RevPAR
• C) ADR and Occupancy
• D) ADR and Product Type

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Definitions:

Family Studies

An interdisciplinary academic field that examines family dynamics, relationships, and roles within cultural and societal contexts.

Dizygotic Twins

Also known as fraternal twins, they are siblings conceived separately and may or may not share the same gender, resulting from the fertilization of two different eggs by two different sperm.

Monozygotic Twins

Identical twins that develop from a single fertilized egg, sharing the same genetic materials.

Surrogacy

A situation in which a woman commits to carrying and giving birth to a child on behalf of another individual or couple, who will assume parenthood of the child once it is born.