CHIA Sample Questions and Answers (Graded A)

CHIA Sample Questions and Answers (Graded A) Most of the entities below are classified as "Parent Companies". Which one is a "chain" within a larger parent company? - Answer ️️ -Ritz Carlton When talking about US industry data, which is an accurate explanation of "modeled data"? - Answer ️️ -Modeled data is derived by using actual data from reporting hotels to estimate performance for non-reporting hotels What is the period of time a hotel must close completely due to renovation in order to be considered a Close and Reopen? - Answer ️️ -1 month or longer A HOST or Profitability report displays what type of info? - Answer ️️ -Profit and loss info, including rev, exp, and profit accounts HOST report displays data based upon what time period? - Answer ️️ -annually HOST report displays data for how many years? - Answer ️️ -2 In descending order of geographic size, which option below is correct? - Answer ️️ -Continent, sub-continent, country, market, tract/submarket Markets and tracts are created based on what 2 determining factors? - Answer ️️ -number of hotels and participation What happens when there is a non-reporting hotel in a competitive set? - Answer ️️ -comp set average is calculated based on the reporting hotels KPI for comp set are - Answer ️️ -always based on aggregated raw data of each member of comp set ADR index percentage change for June based on the following information: This Year: Occ=115.4, ADR=104.3, RevPAR=119.9; Last Year: Occ=100.5, ADR=102.6, RevPAR=103.4 - Answer ️️ -1.7 % Which statement is true regarding raw data that is submitted to STR? - Answer ️️ -majority of data is explored from hotel company systems In which of the following situations will occupancy increase? - Answer ️️ -supply decreases 5%, demand increases 10% Which one of the following statements is accurate regarding "sufficiency" as it related to comp set data? - Answer ️️ -sufficiency rules are in place to protect confidentiality of the data all of the following are considered KPI's except - Answer ️️ -Indices What are considered KPIs - Answer ️️ -ADR, RevPar, Occupancy Trend reports are available in which currency? - Answer ️️ -Any currency Outside of the US HOST reports are also known as... - Answer ️️ -profitability reports STR bases monthly currency conversions on the daily exchange rate on the last day of the month? (t/f) - Answer ️️ -True Which of the following is a non-geographic category used by STR? - Answer ️️ -time shares, location, scale A hotel can only change its competitive set at the end of the year. (t/f) - Answer ️️ -false Where is modeled Data used to calculate KPIs?