Describe factors that are inherent in determining rates


Within the lodging industry, several different types of establishments exist. It is important to be familiar with how the room rates are determined and to understand the intricacies of the various types of management structures found in lodging. A few examples of lodging types include eco-friendly lodging, cultural lodging, vacation ownerships, history-themed lodgings, senior-living lodging, leisure-only facilities, casinos, resorts, and theme park resorts.

•Describe the factors that are inherent in determining the room rates for various types of lodging. I need about 1 page (double spaced) with references.

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Operation Management: Describe factors that are inherent in determining rates
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