Chapter 1 Notes
Chapter 1 Notes tcem h 105
Popular in Lodging Management and Operations
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This 2 page Class Notes was uploaded by Kaley Manspeaker on Sunday January 31, 2016. The Class Notes belongs to tcem h 105 at Indiana University Purdue University - Indianapolis taught by Professor Miller in Spring 2016. Since its upload, it has received 25 views. For similar materials see Lodging Management and Operations in Hospitality at Indiana University Purdue University - Indianapolis.
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Date Created: 01/31/16
Lodging Management and Operations Chapter 1 Notes Growth and Development of the lodging industry includes many components: 1. Lodging 2. Transportation 3. Restaurants 4. Travel and Tour companies 5. Destination and Attractions What drives demand? 1. Airline tickets costs 2. Oil prices 3. Population demographics History: Following World War II 1960-1970- Interstate development 1980- Demand and Supply – Tax Reform Act 1990- early recession, growth but over supply 2000- 9/11, growth until 2008 the recession 2010’s- gradual growth since 2010 Target Markets: Commercial, Airport, Suite, Residential, Resort, B&B, Time-share, Casino, Conference Center Few Service: Midscale- Hampton Economy- Days Inn Budget- Motel 6 Full Service: Deluxe- Four Seasons Luxury- J.W. Marriot Up Scale- Marriot Midscale- Embassy Suites
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