CHIA comprehensive Questions and Answers with 100%
Correct Answers | Latest Version
Question 1.
Most of the entities below are classified as "Chains". Which one is a "Parent Company"
consisting of multi- ple chains? - Hampton Inn - Courtyard - Starwood Hotels & Reports -
Holiday Inn Express
Correct Answer: Starwood Hotels & Resorts
Question 2.
Which is a true statement about parent companies? - Parent companies and the related
chains have changed over time. - Parent companies must consist of no more than five
chains. - Parent companies can only consist of chains in a single scale. - Parent companies
can only have hotels in a single country
Correct Answer: Parent companies and the related chains have changed over time
Question 3.
What are the three different operation types?
Correct Answer: Corporate, Franchise, Independent
Question 4.
Which is a true statement about independent hotels? - Independent hotels are not affiliated
with a specific chain. - Chain hotels outnumber independent hotels in every country of the
world. - Independent hotels are mostly luxury class hotels in urban locations with more than
150 rooms. - Independent hotels may never be managed by an outside entity.
Correct Answer: Independent hotels are not affiliated with a specific chain
Question 5.
Which is a true statement about management companies? - Management companies have
contracts where they receive payment for their services and/or a portion of profits. -
Management companies may manage only one chain. - Management companies will always
own the hotels they manage. - Management companies serve the exact same role as asset
management companies.
Correct Answer: Management companies have contracts where they receive payment
for the service and/or a portion of profits
, Question 6.
Which is a true statement regarding geographic categorization? - STR geographic
categories are limited to North America. - STR uses the UNWTO definitions when it comes
to recognizing countries. - General managers of hotels do not need to know geographic
categories. - The hotel industry uses seven continents to categorize hotels.
Correct Answer: STR uses the UNWTO definitions when it comes to recognizing
countries
Question 7.
Which is a true statement regarding markets? - Markets include hotels that are in big cities,
not rural areas. - A country would never have more than 100 markets and never have fewer
than 2 markets. - No market will ever cross country boundaries. - There is another name for
markets outside the U.S.
Correct Answer: No market will ever cross country boundaries
Question 8.
State the descending order of geographic size
Correct Answer: Continent, Subcontinent, Country, Market, Tract/Submarket
Question 9.
Which two geographic categories are the most important for a hotel GM?
Correct Answer: Market and Tract/Submarket
Question 10.
Markets and tracts are created based on what two determining factors?
Correct Answer: Number of hotels and participation
Question 11.
Which is a true statement regarding tracts?
Correct Answer: Tracts are referred to as submarkets outside of North America
Question 12.
Changes to how markets and tracts are geographically defined are made how often?
Correct Answer: Annually
Question 13.
How many scale categories are there compared to class categories?
Correct Answer: 7 scale categories and 6 class categories
Correct Answers | Latest Version
Question 1.
Most of the entities below are classified as "Chains". Which one is a "Parent Company"
consisting of multi- ple chains? - Hampton Inn - Courtyard - Starwood Hotels & Reports -
Holiday Inn Express
Correct Answer: Starwood Hotels & Resorts
Question 2.
Which is a true statement about parent companies? - Parent companies and the related
chains have changed over time. - Parent companies must consist of no more than five
chains. - Parent companies can only consist of chains in a single scale. - Parent companies
can only have hotels in a single country
Correct Answer: Parent companies and the related chains have changed over time
Question 3.
What are the three different operation types?
Correct Answer: Corporate, Franchise, Independent
Question 4.
Which is a true statement about independent hotels? - Independent hotels are not affiliated
with a specific chain. - Chain hotels outnumber independent hotels in every country of the
world. - Independent hotels are mostly luxury class hotels in urban locations with more than
150 rooms. - Independent hotels may never be managed by an outside entity.
Correct Answer: Independent hotels are not affiliated with a specific chain
Question 5.
Which is a true statement about management companies? - Management companies have
contracts where they receive payment for their services and/or a portion of profits. -
Management companies may manage only one chain. - Management companies will always
own the hotels they manage. - Management companies serve the exact same role as asset
management companies.
Correct Answer: Management companies have contracts where they receive payment
for the service and/or a portion of profits
, Question 6.
Which is a true statement regarding geographic categorization? - STR geographic
categories are limited to North America. - STR uses the UNWTO definitions when it comes
to recognizing countries. - General managers of hotels do not need to know geographic
categories. - The hotel industry uses seven continents to categorize hotels.
Correct Answer: STR uses the UNWTO definitions when it comes to recognizing
countries
Question 7.
Which is a true statement regarding markets? - Markets include hotels that are in big cities,
not rural areas. - A country would never have more than 100 markets and never have fewer
than 2 markets. - No market will ever cross country boundaries. - There is another name for
markets outside the U.S.
Correct Answer: No market will ever cross country boundaries
Question 8.
State the descending order of geographic size
Correct Answer: Continent, Subcontinent, Country, Market, Tract/Submarket
Question 9.
Which two geographic categories are the most important for a hotel GM?
Correct Answer: Market and Tract/Submarket
Question 10.
Markets and tracts are created based on what two determining factors?
Correct Answer: Number of hotels and participation
Question 11.
Which is a true statement regarding tracts?
Correct Answer: Tracts are referred to as submarkets outside of North America
Question 12.
Changes to how markets and tracts are geographically defined are made how often?
Correct Answer: Annually
Question 13.
How many scale categories are there compared to class categories?
Correct Answer: 7 scale categories and 6 class categories
