CHIA EXAM Questions With 100% Correct Answers 2024/2025

CHIA EXAM Questions With 100% Correct Answers 2024/2025 The four key considerations when creating a Competitive Set are? Participation, Proximity, Policy and Product Participation, Parking, Policy and Pricing Participation, Perimeter, Pool and Pricing Participation, Proximity, Pricing and Product - answerParticipation, Proximity, Pricing and Product Benchmarking in the hotel industry takes place at what level? Property level for an individual hotel versus their Competitive Set Corporate level for a hotel company, for example one brand versus others Geographic level for tourism organizations, for example city versus comparable cities All of the above levels - answerAll of the above levels Which two geographic categories are the most important for a hotel GM? Market and Submarket Region and Market Region and Submarket Country and Submarket - answerMarket and Submarket Which two non-geographic categories are the most important for a hotel GM? Location and Type Class and Type Scale and Class Scale and Location - answerScale and Class How many Scale categories are there compared to Class categories? 6 Scale categories and 6 Class categories 6 Scale categories and 7 Class categories 7 Scale categories and 6 Class categories 7 Scale categories and 7 Class categories - answer7 Scale categories and 6 Class categories Which is a true statement regarding markets? Markets include hotels that are in big cities, not rural areas A country would never have more than 100 markets and never have less than 2 markets No market will ever cross country boundaries There is another name for Markets outside the U.S. - answerNo market will ever cross country boundaries Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? Radisson Blu Hilton Worldwide Hampton Inn Holiday Inn Express - answerHilton Worldwide When can a competitive set be created? A competitive set may be created on the one year anniversary of a hotel's opening A competitive set may be created while the hotel is under construction A competitive set may be created