CHIA CERTIFICATION MAIN EXAMS SET UPDATED
QUESTIONS AND ANSWERS GRADED A+
✔✔sufficiency rule - ✔✔to protect confidentiality, need 4 or more hotels
✔✔isolation rule - ✔✔to protect confidentiality, no single property/chain can be more
than 50% or total rooms in comp set, no single company can be more than 70% of total
rooms in comp set
✔✔when calculating comp set percent's don't include - ✔✔rooms of subject property,
and same chain and parent company
✔✔changing comp sets - ✔✔can be done whenever typically end of the year, a net
change of 2 or more, different chain & company, only exception is adding a new hotel
that opened within 6 months or removing a non participating hotel (3mo)
✔✔multiple comp sets - ✔✔day of week, niche, etc., each set must differ by 2 hotels
✔✔hotel math fundamentals - ✔✔property data, comp set data, industry data,
international issues
✔✔Where does STAR get its data - ✔✔from hotel companies online systems
✔✔3 fields of raw / aggregated data (monthly & daily) - ✔✔supply, demand, and room
revenue
✔✔percent change - ✔✔this year - last year / last year *100
✔✔weekday is considered - ✔✔sun - thur
✔✔monthly % change - ✔✔this month to same month last year
✔✔daily % change - ✔✔this month to comparable day last year (off 1 or 2 numbers,
same day of week)
✔✔multiple time periods: months - ✔✔monthly data, year to date (jan - current mo.),
running 3 months, running 12 months
✔✔multiple time periods: daily - ✔✔daily data, current week (sat-sun), month to date
(1st - current day), running 28 days
✔✔group sales - ✔✔blocks of 10 or more
✔✔contract - ✔✔ex. airlines. blocks for over 30 days
QUESTIONS AND ANSWERS GRADED A+
✔✔sufficiency rule - ✔✔to protect confidentiality, need 4 or more hotels
✔✔isolation rule - ✔✔to protect confidentiality, no single property/chain can be more
than 50% or total rooms in comp set, no single company can be more than 70% of total
rooms in comp set
✔✔when calculating comp set percent's don't include - ✔✔rooms of subject property,
and same chain and parent company
✔✔changing comp sets - ✔✔can be done whenever typically end of the year, a net
change of 2 or more, different chain & company, only exception is adding a new hotel
that opened within 6 months or removing a non participating hotel (3mo)
✔✔multiple comp sets - ✔✔day of week, niche, etc., each set must differ by 2 hotels
✔✔hotel math fundamentals - ✔✔property data, comp set data, industry data,
international issues
✔✔Where does STAR get its data - ✔✔from hotel companies online systems
✔✔3 fields of raw / aggregated data (monthly & daily) - ✔✔supply, demand, and room
revenue
✔✔percent change - ✔✔this year - last year / last year *100
✔✔weekday is considered - ✔✔sun - thur
✔✔monthly % change - ✔✔this month to same month last year
✔✔daily % change - ✔✔this month to comparable day last year (off 1 or 2 numbers,
same day of week)
✔✔multiple time periods: months - ✔✔monthly data, year to date (jan - current mo.),
running 3 months, running 12 months
✔✔multiple time periods: daily - ✔✔daily data, current week (sat-sun), month to date
(1st - current day), running 28 days
✔✔group sales - ✔✔blocks of 10 or more
✔✔contract - ✔✔ex. airlines. blocks for over 30 days
