CHIA Exam Questions with 100% correct Answers Verified & Updated

CHIA Exam Questions with 100% correct Answers Verified & Updated Which of the following are not parent companies Holiday starwood choice wyndham - Answer ️️ -Holiday of what - Answer ️️ -70% chain, 30% Independent What are the US geographic categories used by hotel industry in descending order by size? - Answer ️️ -Country, region, state, market, tract What is the valid difference b/w scale and class? - Answer ️️ -There 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? - Answer ️️ -high end, middle end, low end Which type of hotel is not affiliated with a chain or parent company? - Answer ️️ -independent Which type of hotel is not affiliated with a chain or parent company? - Answer ️️ -independent STR provides destination reports to 500 destination in the US including - Answer ️️ - locations defined by str - Answer ️️ -urban suburban airport interstate resort small metro STR provides destination reports to 500 destination in the US including - Answer ️️ -CVBs Travel and Tourism Organization DMOs Geographic subdivisions of a market are called - Answer ️️ -Tract Which type of hotel is not affiliated with a chain or parent company? - Answer ️️ -independent Supply ( rooms available) - Answer ️️ -number of rooms X days in mth/yr Revenue - Answer ️️ -Total roomrev from sale of rooms ADR x Occupancy KPIs - Answer ️️ -occupancy %, ADR, Revpar Occupancy % - Answer ️️ -% of available rooms sold in time period Demand # rooms sold/ supply # rooms available ADR - Answer ️️ -Avg rate paid for rooms sold during period room rev/ demand rooms sold Revpar - Answer ️️ -measure of rev by each room available- Affected by ant of unoccupied rooms room rev/ # rooms available Percent change - Answer ️️ -comparison 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 - Answer ️️ -sufficient Multiple time period for monthly data include - Answer ️️ -year to date running 12 month running 3 month multiple time periods for daily data include - Answer ️️ -current week, month to date, running 28 day index numbers - Answer ️️ -compare performance of property to comp set <100- outperformed comp set >100- comp set outperformed