CHIA Practice Exam Questions With 100% Correct Answers

CHIA Practice Exam Questions With 100% Correct Answers Which is a parent company consisting of multiple chains? - answerChoice Hotels Which is a true statement about parent companies? - answerParent companies and related chains have changed over time What are the 3 different operation types - answerCorporate, Franchise, Independent Which is a true statement about independent hotels? - answerIndependent hotels are not affiliated with a specific chain Which is a true statement about management companies? - answerManagement companies have contracts where they receive payment for their services and some of the profits Which is a true statement regarding geographic categorization? - answerSTR uses the UNWTO definitions when it comes to recognizing countries Which is true regarding markets? - answerNo market will ever cross country boundaries in descending order of geographic size, which is correct? - answerContinent, sub-continent, country, market, tract/sub-market which two geographic categories are the most important for a hotel GM - answerMarket and tract/sub-market markets and tracts are created based on what two determining factors - answernumber of hotels and participation which is true regarding tracts - answertracts are referred to as sub-markets outside of north America Changes to how markets and tracts are geographically defined are made how often - answerannually which two non-geographic categories are the most important for a hotel GM - answerscale and class How many scale categories are there compared to class categories - answer7 scale and 6 class which one is an accurate statement regarding scale and class groups in a single chain? - answerA Ritz Carlton Hotel will always be in the same scale and class groups in every country throughout the world which one is an accurate statement regarding class groups - answerindependent hotels are slotted into class groups based upon the ADR of the independent hotel compared to the chain hotels in the same market Which one is NOT a location category used by the hotel industry - answeroceanfront Which is NOT a valid non-geographic category - answerguest satisfaction rating benchmarking in the hotel industry t