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List the Six Main Types of Hotels by Price Segment

question 17

Essay

List the six main types of hotels by price segment and give two examples of each.Outline a general profile of the typical customer for each segment.


Definitions:

Units

A measure or quantity used as a standard of measurement for expressing amounts, especially in the context of production or inventory.

Materials Price Variance

The financial difference between the actual cost of materials and the expected (standard) cost, indicating cost management efficiency.

Direct Material

Materials that can be directly associated with the production of goods, directly entering into and being a significant component of the finished product.

Kilos

A metric unit of mass or weight equal to one thousand grams.

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