39. Which of the following best defines this statement: This group manages hotel properties for the owners, may have multiple brands and charges a fee of 3% to 6% of room Its main purpose of being created was to allow expansion into new markets a. Referral Groups b. Management Companies c. Franchise Groups d. Time Shares Companies 40. In the hotel industry a check out penalty may be added to a guest's account if which of the following occurs? a. The checkout date is later than originally reserved b. The check in date is later than originally reserved c. The checkout date is earlier than originally reserved d. The check in date is later than originally reserved Section B: Definitions: Complete five (5) of the following with an example. Value: 10 (2 marks each) The Grand Tour Conversion ability Hub and Spoke NAICS Allocentrics GDS Back of house Opaque OTA Revenue Management Freedoms of the Air MICE 1. 2. 3. 39. Which of the following best defines this statement: This group manages hotel properties for the owners, may have multiple brands and charges a fee of 3% to 6% of room Its main purpose of being created was to allow expansion into new markets a. Referral Groups b. Management Companies c. Franchise Groups d. Time Shares Companies 40. In the hotel industry a check out penalty may be added to a guest's account if which of the following occurs? a. The checkout date is later than originally reserved b. The check in date is later than originally reserved c. The checkout date is earlier than originally reserved d. The check in date is later than originally reserved Section B: Definitions: Complete five (5) of the following with an example. Value: 10 (2 marks each) The Grand Tour Conversion ability Hub and Spoke NAICS Allocentrics GDS Back of house Opaque OTA Revenue Management Freedoms of the Air MICE 1. 2. 3