CHIA PRACTICE STUDY GUIDE 2026
COMPREHENSIVE QUESTION SET WITH
ANSWERS
◉ When can a competitive set be created (the earliest time)?
A. A competitive set may be created once the hotel has opened
B. A competitive set may be created while the hotel is under
construction
C. A competitive set may be created on the one-year anniversary of a
hotel's opening
D. A competitive set may be created 3 months before a hotel opens
Answer: B. A competitive set may be created while the hotel is under
construction
◉ Who creates a competitive set for a chain hotel?
A. Only the General Manager
B. Only the Revenue Manager
C. Only the Sales and Marketing Managers
D. It is a joint effort involving many stakeholders
Answer: D. It is a joint effort involving many stakeholders
◉ What is the average number of hotels in a competitive set?
,A. Between 3 and 4
B. Between 4 and 5
C. Between 5 and 6
D. Between 6 and 7
Answer: C. Between 5 and 6
◉ Which is a valid rule related to creating a competitive set?
A. Comp sets must include seven or more hotels
B. No single property or chain can account for more than 25% of the
total participating room supply of a comp set
C. You can not have more than 20 hotels in your comp set
D. When percentages are calculated, the rooms of the subject hotel,
as well as the same chain and parent company, are excluded
Answer: D. When percentages are calculated, the rooms of the
subject hotel, as well as the same chain and parent company, are
excluded
◉ When can a competitive set be changed?
A. Only if your hotel has changed affiliations
B. At any time, although many wait until the beginning of the year
C. Only at the beginning of the year
D. Only when a hotel has a new general manager
, Answer: B. At any time, although many wait until the beginning of
the year
◉ Which is NOT a valid rule related to changing a competitive set?
A. If adding two hotels to a competitive set, both must be in different
chains
B. A single hotel may be added to a competitive set if it has been
open less than 6 months
C. Any single hotel may be added to a competitive set at any time
D. Any change must involve two or more hotels (i.e. add one/drop
one, add two, drop two, etc.)
Answer: C. Any single hotel may be added to a competitive set at any
time
◉ The definitions for Supply, Demand, and Room Revenue used by
STR and others in the lodging industry are taken from what source?
A. Lodging Industry Accounting Fundamentals Guide
B. Uniform System of Accounts for the Lodging Industry
C. Hotel Bookkeeping for Dummies
D. Modern Hotel Industry Accounting
Answer: B. Uniform System of Accounts for the Lodging Industry
◉ Which statements is true regarding raw data that is submitted to
STR?
COMPREHENSIVE QUESTION SET WITH
ANSWERS
◉ When can a competitive set be created (the earliest time)?
A. A competitive set may be created once the hotel has opened
B. A competitive set may be created while the hotel is under
construction
C. A competitive set may be created on the one-year anniversary of a
hotel's opening
D. A competitive set may be created 3 months before a hotel opens
Answer: B. A competitive set may be created while the hotel is under
construction
◉ Who creates a competitive set for a chain hotel?
A. Only the General Manager
B. Only the Revenue Manager
C. Only the Sales and Marketing Managers
D. It is a joint effort involving many stakeholders
Answer: D. It is a joint effort involving many stakeholders
◉ What is the average number of hotels in a competitive set?
,A. Between 3 and 4
B. Between 4 and 5
C. Between 5 and 6
D. Between 6 and 7
Answer: C. Between 5 and 6
◉ Which is a valid rule related to creating a competitive set?
A. Comp sets must include seven or more hotels
B. No single property or chain can account for more than 25% of the
total participating room supply of a comp set
C. You can not have more than 20 hotels in your comp set
D. When percentages are calculated, the rooms of the subject hotel,
as well as the same chain and parent company, are excluded
Answer: D. When percentages are calculated, the rooms of the
subject hotel, as well as the same chain and parent company, are
excluded
◉ When can a competitive set be changed?
A. Only if your hotel has changed affiliations
B. At any time, although many wait until the beginning of the year
C. Only at the beginning of the year
D. Only when a hotel has a new general manager
, Answer: B. At any time, although many wait until the beginning of
the year
◉ Which is NOT a valid rule related to changing a competitive set?
A. If adding two hotels to a competitive set, both must be in different
chains
B. A single hotel may be added to a competitive set if it has been
open less than 6 months
C. Any single hotel may be added to a competitive set at any time
D. Any change must involve two or more hotels (i.e. add one/drop
one, add two, drop two, etc.)
Answer: C. Any single hotel may be added to a competitive set at any
time
◉ The definitions for Supply, Demand, and Room Revenue used by
STR and others in the lodging industry are taken from what source?
A. Lodging Industry Accounting Fundamentals Guide
B. Uniform System of Accounts for the Lodging Industry
C. Hotel Bookkeeping for Dummies
D. Modern Hotel Industry Accounting
Answer: B. Uniform System of Accounts for the Lodging Industry
◉ Which statements is true regarding raw data that is submitted to
STR?
