CHIA Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - Accor which is a true statement about parent companies? - Parent Companies and the related chains have changed over time what are three 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/or some portion of profits which is a true statement regarding geographic categorization? - STR uses the UNWTO definitions when it comes to recognizing countries which is a true statement regarding markets? - No market will ever cross country boundaries in descending order of geographic size, which options below 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/submarket Markets and tracts are created based on what two determining factors? - number of hotels and participation