CHIA property level benchmarking-Exam Questions with correct Answers

CHIA property level benchmarking-Exam Questions with correct Answers d. North America hotels will see industry data for Market, Market Class, Tract and Tract Scale. - Answer ️️ -Which statement is true regarding the industry data that a hotel may see on a STAR report? a. North America hotels will see data for only a single industry segment. b. North America and Non-North America hotels see the same exact pages on the STR Report related to industry data. c. Non-North America hotels will not see any industry segment data. d. North America hotels will see industry data for Market, Market Class, Tract and Tract Scale. c. The most common example of Contract Rooms and Revenue is airline crew business. - Answer ️️ -Which one of the following is an accurate statement regarding Segmentation and Additional Revenue data on the STAR Reports? a. Very few Luxury and Upper Upscale chain hotels submit Segmentation and/or Additional Revenue data. b. Group Rooms and Revenue are defined as business sold in blocks of 50 rooms or more. c. The most common example of Contract Rooms and Revenue is airline crew business. d. Additional Revenue categories include "F&B", "Rentals", and "Other" in addition to Room Revenue. b. Performance data for individual competitors - Answer ️️ -What information is never included on a STAR report? a. Index numbers and Index Percent Changes b. Performance data for individual competitors c. Performance data for an industry segment relevant to the subject hotel d. The names of hotels included in the subject hotels competitive set a. Class - Answer ️️ -Which one of the following is a non-geographic category shown on the STAR report? a. Class b. Market c. Type d. Location a. They are normally generated in Excel. - Answer ️️ -Which statement is true regarding the format and timing of a STAR Report? a. They are normally generated in Excel. b. Weekly STAR Reports are generated on Monday. c. There are no graphs on the report. d. If you change data on a STAR report, all of the related values will recalculate, since there are embedded formulas. c. Your hotel's Occupancy Rank has consistently been 2 of 5. - Answer ️️ -Based on the information contained in the sample Competitive Set Report Below, which of the following statements best describes performance of your hotel over the last six months? a. Your hotel is the Occupancy leader (highest occupancy) in the Competitive Set. b. Your hotel's Occupancy Rank has never been higher than 3 of 5. c. Your hotel's Occupancy Rank has consistently been 2 of 5. d. Your hotel's Occupancy Index has progressively improved each month. a. 18 months of monthly data and 3 years of YTD, Running 3-month, and Running 12-month data - Answer ️️ -The Competitive Set Report in a Monthly STAR Report shows what information? a. 18 months of monthly data and 3 years of YTD, Running 3-month, and Running 12-month data b. 12 months of monthly data and 2 years of YTD, Running 3-month, and Running 12-month data c. 18 months of monthly data and 2 years of YTD, Running 3-month, and Running 12-month data d. 12 months of monthly data and 3 years of YTD, Running 3-month, and Running 12-month data b. The Weekend Occupancy for your hotel is consistently higher than your Competitive Set for all time periods. - Answer ️️ -Using the information provided from the sample "Day of Week and Weekday/Weekend Report" shown above, which one of the following is an accurate statement? a. The Total Current Month and Running 3 Month Occupancy for both your hotel and the Competitive Set are greater than the Year To Date and Running 12 Month Occupancies. b. The Weekend Occupancy for your