FINAL CHIA PRACTICE UPDATED ACTUAL Exam Questions and CORRECT Answers

FINAL CHIA PRACTICE UPDATED
ACTUAL Exam Questions and
CORRECT Answers

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Terms in this set (61)


Three Different Corporate, Franchise, Independent
Operation
Types

, Continents:
1. Americas
2. Europe
3. Mideast/Africa
STR geographic
4. Asia Pacific
categorization
for continent &
Sub continent:
subcontinent
1. North America
2. South America
3. Central America
4. Caribbean

What is the 70 to 30
percentage
difference of
Chain vs.
Independent in
the U.S.

-World
What are the -Continent
major -Sub-Continent
geographic -Country
categories -Market
-Submarket

, STR markets represent major cities;
areas with a higher number of
hotels and participation as well as
non-metro areas.
An example of a metro market is1
Markets 1) New York
2) Syracuse
3) Long Island
4) Buffalo
Non-Metro Market(less populated)
NY State (Ithaca)

What are •Markets are created based upon
markets created the number of hotels in an area
by and the participation.

North/South/Ea Submarket
st/West, or
Airport/Beach,
or they may
have names for
suburban
neighborhoods
or highways