CHIA Certification Exam Questions With 100% Correct Answers 2024/2025

CHIA Certification Exam Questions With 100% Correct Answers 2024/2025 What was the first chain - answerHoliday Inn What type of company has a contract where it receives payment and/or some portion of profits? - answerManagement Company What are the 2 top markets in the U.S.? - answerOrlando, FL Chicago, IL What are the top 2 U.S. Metro Markets by number of properties? - answerChicago, IL Orlando, FL What is the top U.S. Metro Market by occupancy? - answerFort Lauderdale, FL What is the top U.S. Metro Market by average daily rate? - answerChicago, IL What market is reviewed annually? - answerWorldwide Markets Why are worldwide markets reviewed annually? - answerto determine if new markets may be created based on growth in available supply and sample How many scale categories are there? - answer7 scale categories How are the scale categories broken up? - answer6 for chain hotels ranging from Luxury to Economy, and 1 scale category for all Independent Hotels When a chain is categorized in a specific scale group, what does it mean? - answermeans every hotel in that chain is in that Scale group everywhere in the world, in every country and market How are chains positioned in Scale groups? - answerbased on average daily rate (ADR) How many Class categories are there and what category do they not have? - answer6 Class categories; No Independent Class group Other than the Scale and Class categories, what non-geographic categories does STR track? - answerLocation; Extended Stay What are 2 foundations of the STAR Program? - answeraggregating; confidentialit