CHIA Exam Questions With 100% Correct Answers

CHIA Exam Questions With 100% Correct Answers Which of the following are not parent companies Holiday starwood choice wyndham - answerHoliday of what - answer70% chain, 30% Independent What are the US geographic categories used by hotel industry in descending order by size? - answerCountry, region, state, market, tract What is the valid difference b/w scale and class? - answerThere is separate scale group for independent hotels compared to class where independent are combined in groups with chain hotels A parent company may consist of what kinds of chain? - answerhigh end, middle end, low end Which type of hotel is not affiliated with a chain or parent company? - answerindependent Which type of hotel is not affiliated with a chain or parent company? - answerindependent STR provides destination reports to 500 destination in the US including - answer locations defined by str - answerurban suburban airport interstate resort small metro STR provides destination reports to 500 destination in the US including - answerCVBs Travel and Tourism Organization DMOs Geographic subdivisions of a market are called - answerTract Which type of hotel is not affiliated with a chain or parent company? - answerindependent Supply ( rooms available) - answernumber of rooms X days in mth/yr Revenue - answerTotal roomrev from sale of rooms ADR x Occupancy KPIs - answeroccupancy %, ADR, Revpar Occupancy % - answer% of available rooms sold in time period Demand # rooms sold/ supply # rooms available ADR - answerAvg rate paid for rooms sold during period room rev/ demand rooms sold Revpar - answermeasure of rev by each room available- Affected by ant of unoccupied rooms room rev/ # rooms available Percent change - answercomparison of this years numbers vs last years numbers- shows growth (this yr- last yr) / last yr x 100 Comp Set has 4 +more participants submit actual data - answersufficient Multiple time period for monthly data include - answeryear to date running 12 month running 3 month multiple time periods for daily data include - answercurrent week, month to date, running 28 day index numbers - answercompare performance of property to comp set <100- outperformed comp set >100- comp set outperformed hotel When hotel in comp set doesn't report data - answerparticipating properties data used to calculate sample d