Explain how hotels cater to the needs of business and leisure travelers in reference to (a) resorts, (b) airport hotels.

Management contracts became popular among hotel corporations because little or no up-front financing or equity is involved.

Owners have increased their decision-making power to allow them more control over properties.

Passengers with early or late flights may stay over at the airport, while others rest as they wait for connecting flights.

Explanation:

The management contract usually allows for the hotel company to manage the property for a period of five, ten, or twenty years. The company receives a percentage of gross or net operating profit, usually about 2 to 4.5 percent of gross revenue. Today, hotel owners are demanding better bottom-line results and reduced fees. Management companies are seeking sustainability and a bigger share of the business.Many hotels have organized a program consisting of a variety for activities for children, thereby giving parents an opportunity to enjoy some free time on their own and join their children in fun activities.Comfortable and less costly transportation to and from the airport are some reasons why airport hotels are becoming intelligent choices for business travelers. business meetings also takes place at an airport hotel, and participants fly in and out just for a face-to-face meeting.