CHIA Practice Exam Questions And Answers 2023

Which is a parent company consisting of multiple chains? - Answer- Choice Hotels Which is a true statement about parent companies? - Answer- Parent companies and related chains have changed over time What are the 3 different operation types - Answer- Corporate, Franchise, Independent Which is a true statement about independent hotels? - Answer- Independent hotels are not affiliated with a specific chain Which is a true statement about management companies? - Answer- Management companies have contracts where they receive payment for their services and some of the profits Which is a true statement regarding geographic categorization? - Answer- STR uses the UNWTO definitions when it comes to recognizing countries Which is true regarding markets? - Answer- No market will ever cross country boundaries in descending order of geographic size, which is correct? - Answer- Continent, sub-continent, country, market, tract/sub-market which two geographic categories are the most important for a hotel GM - Answer- Market and tract/sub-market markets and tracts are created based on what two determining factors - Answer- number of hotels and participation which is true regarding tracts - Answer- tracts are referred to as sub-markets outside of north America Changes to how markets and tracts are geographically defined are made how often - Answer- annually which two non-geographic categories are the most important for a hotel GM - Answer- scale and class How many scale categories are there compared to class categories - Answer- 7 scale and 6 class which one is an accurate statement regarding scale and class groups in a single chain? - Answer- A Ritz Carlton Hotel will always be in the same scale and class groups in every country throughout the world which one is an accurate statement regarding class groups - Answer- independent hotels are slotted into class groups based upon the ADR of the independent hotel compared to the chain hotels in the same market