What is a true statement regarding Parent Companies in the hotel industry?

The statement regarding Parent Companies in the hotel industry being that they and the related chains have changed over time is true. This reflects the dynamic nature of the hospitality sector, where ownership structures, brand portfolios, and market strategies can evolve due to mergers, acquisitions, or shifts in consumer preferences.

Parent companies might acquire or divest chains to better align with market demands, thus expanding or refining their brand offerings over time. The hotel industry is marked by constant changes, including the rise of new brands, rebranding of existing ones, and strategic shifts in focus, such as diversification into luxury segments or budget options. Such adaptations enable parent companies to remain competitive and relevant in a rapidly changing market landscape.

In comparison, the other statements inaccurately generalize the structure and operational flexibility of parent companies within the hotel industry. Parent companies are not restricted to a specific number of chains, do not have geographic limitations to a single country, and are not confined to a single scale of operation, highlighting their ability to strategize and expand within various market segments and regions.