After Suffering from Lower Occupancy Rates, Shrinking Market Share, and a Tired

question 61

True/False

After suffering from lower occupancy rates, shrinking market share, and a tired brand, Holiday Inn successfully grew by creating specific brands (Crown Plaza, Intercontinental, Express and more) to serve different customer segments.

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Definitions:

Virtual Private Network

A technology that creates a safe, encrypted connection over a less secure network, such as the internet, to provide privacy and data security.

Access Codes

Passwords or numerical codes used to gain entry into secured systems or locations.

Local Network

refers to a network that connects computers and devices in a limited geographical area such as a home, school, computer laboratory, or office building, facilitating communication and resource sharing among devices within this area.

Computer Network

A set of computers connected together for the purpose of sharing resources, such as data, printers, and Internet connections.