Question

differentiate owner-managed from franchised hotels.

Answer 1

Answer:

1. Hotel management companies run hotels on behalf of the owner.
2. Franchising allows the hotel owner to operate under a brand name in exchange for payment and royalties

Answer 2

Answer:

A management contract is a service contract. ... A franchise contract is a licensing contract. A franchisee owns a business, but pays a proportion of profits, and conducts certain business operations in an agreed upon manner, in exchange for the permission to use the franchisor's business model and intellectual property.