CHIA Certification Exam Questions and Answers 2024

CHIA Certification Exam Questions and Answers 2024 What are the different kinds of affiliations a single hotel can have? - Answer ️️ -Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? - Answer ️️ -The hotel brand There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms or more - Answer ️️ -22; 24 Most people agree that _______ was the first chain. - Answer ️️ -Holiday Inn Parent Companies - Answer ️️ -Consist of multiple chains; often the parent company will havea variety of different types of chains T/F A parent company may have a range of high-end, middle, and low-end chains; or they may concentrate in one area - Answer ️️ -True What is the top parent company in the US? - Answer ️️ -Hilton Worldwide Corporate hotel - Answer ️️ -A chain hotel owned or managed by the chain or the parent company Franchise hotel - Answer ️️ -A chain hotel run by a 3rd party where the chain receives some sort of franchise fee Independent hotel - Answer ️️ -Not affiliated with a chain or parent company Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the most US properties? Which one has the least? - Answer ️️ -Most=Franchise Least=Corporate Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the most worldwide properties? Which one has the least? - Answer ️️ -Most=Independent Least=Corporate What is the ratio of chain hotels vs. independent hotels in the US? - Answer ️️ -70% are chain; 30% are independent What is the ratio of chain hotels vs. independent hotels worldwide? - Answer ️️ -40% are chain; 60% are independent Management company - Answer ️️ -Operates a hotel for another party; the company has a management contract where it receives payment/some portion of profits T/F Some chains or parent companies manage their own hotels - Answer ️️ -True Owner companies - Answer ️️ -There are many companies that own multiple hotels Asset management company - Answer ️️ -Represents the owner in the operation of a hotel 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. Ch