CHIA Practice Exam 2023 with 100% correct answers

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