The hotel which are running in the different places inside or outside the country under one brand name is known as chain hotel. The chain hotel also can be defined as two or more than two organization those are tied in one series. The big hotels industries comes in 1920's when the concept of chain hotel were born.
However during the great depression in 1930, there were considerably decrease in the business affecting the growing of the hotel industry. Immediately the second world war in 1945 hotel regent prominence is register a steady growth. There had been phenomenal hotels industry particularly those country which attract business travel and tourism in large number from all over the world. In 1950's hotel and international chain gain big bust to the hotel industry. This chain either brought small individual own property or build their ability and scope with growing competition. Chain hotels run under franchise management, partnership,leading,marketing etc.
i) Partnership
Sharing profit and equal investment in the organization from both party which depends upon mutual agreement between two parties and the profit distribution will depend upon investment of capital.
ii) Franchise
It gives brand name and association to franchise and helps to make market in return for franchise fee.
iii) Management contract
As the name suggest the organization provides expert in management like professional manager, skilled staff technician etc.
iv) Marketing
It helps in active selling of the chain benefit, reservation tied in return for marketing fee or sub incentive.
v) Leading
Taking over all operation aspect of property for specific period of time paying lease, either at the fixed sum of money as a percentage in gross turn over of the organization.
However during the great depression in 1930, there were considerably decrease in the business affecting the growing of the hotel industry. Immediately the second world war in 1945 hotel regent prominence is register a steady growth. There had been phenomenal hotels industry particularly those country which attract business travel and tourism in large number from all over the world. In 1950's hotel and international chain gain big bust to the hotel industry. This chain either brought small individual own property or build their ability and scope with growing competition. Chain hotels run under franchise management, partnership,leading,marketing etc.
i) Partnership
Sharing profit and equal investment in the organization from both party which depends upon mutual agreement between two parties and the profit distribution will depend upon investment of capital.
ii) Franchise
It gives brand name and association to franchise and helps to make market in return for franchise fee.
iii) Management contract
As the name suggest the organization provides expert in management like professional manager, skilled staff technician etc.
iv) Marketing
It helps in active selling of the chain benefit, reservation tied in return for marketing fee or sub incentive.
v) Leading
Taking over all operation aspect of property for specific period of time paying lease, either at the fixed sum of money as a percentage in gross turn over of the organization.