CHIA certification A+ Compiled EXAM
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What are the different kinds of affiliations a single hotel can have? -
(answers)Chain
Parent Company
Operation: Corporate, Franchise, or Independent
Management Company
Owner
Asset Management Company
Membership or Marketing Groups
What does a chain represent? - (answers)The hotel brand
There are __ chains in the US with 50,000 rooms or more and __ chains in the
world with 75,000 rooms or more - (answers)22; 24
Most people agree that _______ was the first chain. - (answers)Holiday Inn
Parent Companies - (answers)Consist of multiple chains; often the parent
company will havea variety of different types of chains
, 2
T/F A parent company may have a range of high-end, middle, and low-end chains;
or they may concentrate in one area - (answers)True
What is the top parent company in the US? - (answers)Hilton Worldwide
Corporate hotel - (answers)A chain hotel owned or managed by the chain or the
parent company
Franchise hotel - (answers)A chain hotel run by a 3rd party where the chain
receives some sort of franchise fee
Independent hotel - (answers)Not affiliated with a chain or parent company
Of the 3 basic types of hotel operations (corporate, franchise, and independent),
which one has the most US properties? Which one has the least? -
(answers)Most=Franchise
Least=Corporate
Of the 3 basic types of hotel operations (corporate, franchise, and independent),
which one has the most worldwide properties? Which one has the least? -
(answers)Most=Independent
Least=Corporate
, 3
What is the ratio of chain hotels vs. independent hotels in the US? - (answers)70%
are chain; 30% are independent
What is the ratio of chain hotels vs. independent hotels worldwide? -
(answers)40% are chain; 60% are independent
Management company - (answers)Operates a hotel for another party; the
company has a management contract where it receives payment/some portion of
profits
T/F Some chains or parent companies manage their own hotels - (answers)True
Owner companies - (answers)There are many companies that own multiple hotels
Asset management company - (answers)Represents the owner in the operation of
a hotel
T/F A hotel cannot have both a management company and an asset management
company - (answers)False. They can.
T/F The Holiday Inn and Holiday Inn Express are 2 different chains - (answers)True
What are the 3 classifications of operation types? - (answers)1. Corporate
2. Franchise
, 4
3. Independent
T/F There is a very strong trend for US hotels to expand internationally because
the opportunity for large US chains is there - (answers)True
Describe the average independent hotel in the US - (answers)Classified as
Economy, Located in a Suburban area, and has 25 rooms or less
Most of the entities below are classified as chains. Which one is a parent company
consisting of multiple chains?
A. Hampton Inn
B. Motel 6
C. Choice
D. Holiday Inn Express - (answers)C. Choice
Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country. - (answers)A. They and their
related chains have changed over time
Which is a true statement about independent hotels?