Chia 2 Exam with complete solutions

Chia 2 Exam with complete solutions 30) The definitions for Supply, Demand and Revenue used by STR and others in the lodging industry are taken from what source? - Answer ️️ -Uniform System of Accounts for the Lodging Industry Which statement is true regarding raw data that is submitted to STR? - Answer ️️ -The majority of data is exported from the hotel company systems Which is true regarding the type of performance data (Supply, Demand, Revenue) that STR receives? - Answer ️️ -Daily and monthly only You receive your monthly STAR and find that it includes weekday and weekend performance, what days are included in "weekday" in most parts of the world? - Answer ️️ -Sunday thru Thursday In which of the following situations will occupancy increase? - Answer ️️ -Supply decreases 10% and demand decreases 5% Which statement is true regarding RevPAR? - Answer ️️ -It can be thought of as a combination of Occupancy and ADR The March YTD Occupancy (E5) is _______ . - Answer ️️ -63.2% The Average Daily Rate percent change for April (G5) is ______ - Answer ️️ -1.5% Which one of the following statements is accurate regarding "Sufficiency" as it related to competitive set data? - Answer ️️ -The sufficiency rules are in place to protect the confidentiality of the data The sufficiency rules are in place to protect the confidentiality of the data - Answer ️️ -Always based upon the aggregated raw data of each member of the competitive set When you receive your STAR report, your ADR for the month was $100 and the competitive set ADR was $90. What can you tell? - Answer ️️ -Your ADR was $10 higher than the average of all of the members of the com