CHIA Exam Questions with 100% correct Answers

CHIA Exam Questions with 100% correct Answers Multiple Affiliations for a Single Hotel - Answer ️️ -Chain Parent Company Management Company Owner Asset Management Company Chain - Answer ️️ -represents the hotel brand, which is clearly displayed to the public on the building and in all interactions with the customer. STR uses Chain and Brand synonymously There are 24 - Answer ️️ -chains in the U.S. with 50,000 rooms or more and 28 chains in the world with 75,000 rooms or more. that Holiday Inn - Answer ️️ -1st chain "Census" - Answer ️️ -The counts that STR makes available are based upon their ________database of 160,000 hotels. The counts are updated each year. The counts may not be ________ accurate, but they are the best estimations that exist in the industry. - Answer ️️ -100% Parent Companies - Answer ️️ -consist of multiple chains. Often the parent company will have a variety of different types of chains. Some people may use the term ________ as a synonym for Parent Company - Answer ️️ - "Group" A parent company - Answer ️️ -may have a range of high-end, middle, and low-end chains; or they may concentrate in one area There are________parent companies in the U.S. with 10,000 rooms or more and 34 parent companies worldwide with 25,000 rooms or more. - Answer ️️ -22 Parent companies may have hotels around - Answer ️️ -the world or in specific regions STR uses three different operation types: - Answer ️️ -Corporate Franchise Independent hotel is a chain hotel owned and/or managed by the chain or the parent company. - Answer ️️ - Corporate Franchise - Answer ️️ -hotel is a chain hotel run by a third party where the chain receives some sort of franchise fee. An Independent - Answer ️️ -hotel is not affiliated with a chain or parent company. Most _________ will have a mixture of corporate and franchise hotels. - Answer ️️ -parent companies Independent Hotels - Answer ️️ -are not affiliated with a specific chain. They may be managed or owned by companies listed on pages to follow. They may also be members of various marketing groups. Independent hotels vary considerably in - Answer ️️ -size, price level, location, amenities and other attributes. It is possible to obtain a Property and Room Count report to summarize participation by areas or - Answer ️️ -a Participation List to identify specific participating hotels in a country or market. MAnagement Company - Answer ️️ -A management company operates a hotel for another party. The company has a management contract where it receives payment and/or some portion of profits. There are 32 management companies in the U.S. with 8,000 rooms - Answer ️️ -or more and 58 management companies worldwide with 10,000 rooms or more. Management companies may manage a variety of different - Answer ️️ -chains as well as independent hotels Owner Companies - Answer ️️ -There are many companies that own multiple hotels. Owners may own hotels from a variety of different chains There are There are _______ owner companies in the U.S. and 46 owner companies worldwide with 10,000 rooms or more. - Answer ️️ -24 Asset Management Company - Answer ️️ -represents the owner in the operation of a hotel. A hotel may have both - Answer ️️ -a Management Company and an Asset Management Company. There are 30 - Answer ️️ -Asset Management Companies in the U.S. and 39 Asset Management Companies worldwide with 1,000 rooms or greater. Quasi/Soft Brand - Answer ️️ -Autograph by Marriott Luxury Collection by Starwood Andaz by Hyatt Ascend by Choice New Quasi Chains or Soft Brands - Answer ️️ -a cross between a chain and a marketing group for independent hote