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What is the meaning / definition of Hotel Franchise in the hospitality industry? A Franchise is the right to use the brand and the business model of a specific parent company for a prescribed period of time. It is a method for expanding a business and distributing products and services through a licensing relationship. A Franchisor is a company that [...]
What is the meaning / definition of Hotel Classification? Hotels are classified according to the hotel size, location, target markets, levels of service, facilities provided, number of rooms, ownership and affiliation etc. Besides these classifications hotels are often classified with the Star, Diamond or Crown system, depending on geographic location. Classifications help guests to get an overview of the hotel [...]
What is the meaning / definition of Hotel Capacity in the hospitality industry? Capacity is the set number of rooms in a single hotel: i.e. the maximum capacity. Typically answers the question: how many guests can your hotel have? Or which is the total number of rooms for your hotel. Hotel capacity can vary a lot. From very few rooms [...]
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