CHIA Certification Exam Questions and Answers

CHIA Certification Exam Questions and Answers What is a star report - Answer️️ -compare subject property's performance to competitive set and one or more surrounding industry segments star reports are usually generated when? - Answer️️ -each month, week, and/or day ad-hoc reports are - Answer️️ -provide historic info used for feasibility studies, impact analyses, etc. difference between ad-hoc and destination reports - Answer️️ -destination reports provide ongoing performance info destination reports can be obtained each - Answer️️ -week or month the most popular ad-hoc report - Answer️️ -trend report trend reports display - Answer️️ -monthly performance data for 6 years, 11 or 27 years can be requested and also segmentation data 3 options for selecting hotels for a trend report: - Answer️️ -1) standard industry segment 2) selection based upon wide range of variables 3) choose specific group of individual properties special options for selecting hotels include - Answer️️ -third-party lists and radial trends radial trends - Answer️️ -you provide specific destination and request all hotels within a distance of that center point if your competitive set of hotels do not submit data, then - Answer️️ -data will not appear for that month. for trend reports, how many participating hotels must you choose? - Answer️️ -4 for trend reports, a single hotel, chain, or parent company cannot account for more than - Answer️️ -40, 40, 60 (US) 50, 50, 60 (non-NA) sufficiency and percentage rules for trend reports are meant to - Answer️️ -protect confidentiality of the data if you request multiple trend reports, hotels you select must differ by - Answer️️ -2 or more participating hotels by default, a trend report includes - Answer️️ -monthly data and 12 month moving average you may request what other timeframe data for trend reports? - Answer️️ -quarterly, daily, weekday/end, segmentation standard trend report - Answer️️ -begins in 2008 extended trend report - Answer️️ -begins in 2000 full trend report - Answer️️ -begins in 1987 for trend reports, daily data is available from what year forward? - Answer️️ -2000 for trend reports, segmentation data is available from what year forward? - Answer️️ -2004 normal turn-around time for trend report - Answer️️ -2 business days trend reports are in what format - Answer️️ -excel to rerun a trend, you must change the group of hotels by - Answer️️ -2 or more comparative trend - Answer️️ -you can select 2 groups of hotels and it makes it easy to compare one group to a second g