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Exam (elaborations)

Chia Exam Study Guide Questions With Correct Answers

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CHIA EXAM STUDY GUIDE QUESTIONS WITH CORRECT ANSWERS

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When you receive your STAR report you see that your ADR Rank for the current
month is "3 of 7". What do you know?


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Your hotel has the 3rd highest ADR among the members of your
competitive set




When you receive your STAR report, your ADR for the month was $100 and the
competitive set ADR was $90. What can you tell?


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Your ADR was $10 higher than the average of all of the members of the
competitive set

,Using the sample "Supply Summary" tab from a Pipeline Report,
answer the following question. Which one of the following is an
accurate statement regarding Supply growth over the last 5 years?




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The Upscale segment experienced a significant increase in supply




The RevPAR Index percent change for November (J4) is _____.




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16%




When talking about U.S. Industry Data, which is an accurate explanation of "modeled
data"?


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Modeled Data is derived by using actual data from reporting hotels to
estimate performance for non-reporting hotels

,Using the information from an excerpt of a sample "Competitive Set
Report" tab from a Monthly STAR Report, answer the following
question. Which of the following statements best describes the
performance of your hotel over the last six months?



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Your hotel's Occupancy Rank has consistently been 2 of 5




Occupancy formula


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demand/supply (rooms sold/rooms available) * 100 (displayed as a
percentage)




The scale hotel categories in order from highest ADR to lowest ADR.


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Luxury → Upper Upscale → Upscale → Upper Midscale → Midscale →
Economy → Independent




Which is a valid rule related to creating a competitive set?


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, When percentages are calculated, the rooms of the subject hotel, as well
as the same chain and parent company, are excluded




Hotels and hotel companies outside the U.S. may receive STAR reports in what
currency?


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Local Currency, US dollars or a third currency (the company gets to decide




Between the two years, what is the occupancy percent change for the
month of January?




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-1.59%




The four key considerations when creating a Competitive Set are?


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Participation, Proximity, Pricing and Product

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