CHIA CERTIFICATION EXAM VERIFIED
COMPILED QUESTIONS AND SOLUTIONS
◉ T/F A hotel cannot have both a management company and an
asset management company
Answer: False. They can.
◉ T/F The Holiday Inn and Holiday Inn Express are 2 different
chains
Answer: True
◉ What are the 3 classifications of operation types?
Answer: 1. Corporate
2. Franchise
3. Independent
◉ T/F There is a very strong trend for US hotels to expand
internationally because the opportunity for large US chains is there
Answer: True
◉ Describe the average independent hotel in the US
,Answer: Classified as Economy, Located in a Suburban area, and has
25 rooms or less
◉ Most of the entities below are classified as chains. Which one is a
parent company consisting of multiple chains?
A. Hampton Inn
B. Motel 6
C. Choice
D. Holiday Inn Express
Answer: C. Choice
◉ Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country.
Answer: A. They and their related chains have changed over time
◉ Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain.
B. Chain hotels outnumber independent hotels in every country of
the world.
,C. Independent hotels are mostly Luxury class hotels in Urban
locations with more than 150 rooms
D. Independent hotels may never be managed by an outside entity.
Answer: A. They're not affiliated with a specific chain.
◉ Which is a true statement about management companies?
A. They have contracts where they receive payment for their services
and/or some portion of the profits.
B. They may manage only one chain.
C. They will always own the hotels they manage.
D. They serve the exact same role as asset management companies.
Answer: A. They have contracts...
◉ What are the major geographic categories?
Answer: World
Continent
Sub-continent
Country
Market
Tract or Submarket
◉ What are the 4 continents (according to STR)?
, Answer: Americas, Europe, Mideast/Africa, and Asia Pacific
◉ Each continent includes how many sub-continents?
Answer: 3-4
◉ What are the 9 US regions?
Answer: New England
Middle Atlantic
South Atlantic
East North Central
East South Central
West North Central
West South Central
Mountain
Pacific
◉ What are the 2 most important types of classifications if you're a
hotel manager (not a corporation)?
Answer: Market and Tract/Sub-market
◉ What is STR's definition of a region?
Answer: It refers to a specific region WITHIN a country
COMPILED QUESTIONS AND SOLUTIONS
◉ T/F A hotel cannot have both a management company and an
asset management company
Answer: False. They can.
◉ T/F The Holiday Inn and Holiday Inn Express are 2 different
chains
Answer: True
◉ What are the 3 classifications of operation types?
Answer: 1. Corporate
2. Franchise
3. Independent
◉ T/F There is a very strong trend for US hotels to expand
internationally because the opportunity for large US chains is there
Answer: True
◉ Describe the average independent hotel in the US
,Answer: Classified as Economy, Located in a Suburban area, and has
25 rooms or less
◉ Most of the entities below are classified as chains. Which one is a
parent company consisting of multiple chains?
A. Hampton Inn
B. Motel 6
C. Choice
D. Holiday Inn Express
Answer: C. Choice
◉ Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country.
Answer: A. They and their related chains have changed over time
◉ Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain.
B. Chain hotels outnumber independent hotels in every country of
the world.
,C. Independent hotels are mostly Luxury class hotels in Urban
locations with more than 150 rooms
D. Independent hotels may never be managed by an outside entity.
Answer: A. They're not affiliated with a specific chain.
◉ Which is a true statement about management companies?
A. They have contracts where they receive payment for their services
and/or some portion of the profits.
B. They may manage only one chain.
C. They will always own the hotels they manage.
D. They serve the exact same role as asset management companies.
Answer: A. They have contracts...
◉ What are the major geographic categories?
Answer: World
Continent
Sub-continent
Country
Market
Tract or Submarket
◉ What are the 4 continents (according to STR)?
, Answer: Americas, Europe, Mideast/Africa, and Asia Pacific
◉ Each continent includes how many sub-continents?
Answer: 3-4
◉ What are the 9 US regions?
Answer: New England
Middle Atlantic
South Atlantic
East North Central
East South Central
West North Central
West South Central
Mountain
Pacific
◉ What are the 2 most important types of classifications if you're a
hotel manager (not a corporation)?
Answer: Market and Tract/Sub-market
◉ What is STR's definition of a region?
Answer: It refers to a specific region WITHIN a country
