COMPLETE ALL REAL QUESTIONS AND CORRECT
ANSWERS (VERIFIED ANSWERS)| ALREADY GRADED
A+ | NEWEST EXAM -JUST RELEASED!!!
What is a Reverse Comp Set?
a. Properties that have seen a significant decline in occupancy
b. Properties that have recently changed affiliations
c. Properties that you previously have included in your comp
set
d. Properties that name your hotel in their competitive set -
ANSWER-D. Properties that name your hotel in their
competitive set
When can a competitive set be changed?
a. Only if your hotel has changed affiliations
b. At any time, although many wait until the beginning of the
year
c. Only at the beginning of the year
d. Only when a hotel has a new general manager - ANSWER-B.
At any time, although many wait until the beginning of the
year
,) Which is NOT a valid rule related to changing a competitive
set?
a. If adding two hotels to a competitive set, both must be in
different chains
b. A single hotel may be added to a competitive set if it has
been open less than six months
c. A single hotel may be added to a competitive set at any time
d. Any change must involve two or more hotels, e.g. add
one/drop one, add two, drop two,
etc. - ANSWER-C. A single hotel may be added to a
competitive set at any time
The definitions for Supply, Demand and Revenue used by
STR and others in the lodging industry are taken from what
source?
a. Lodging Industry Accounting Fundamentals Guide
b. Uniform System of Accounts for the Lodging Industry
c. Hotel Book Keeping for Dummies
d. Modern Hotel Industry Accounting - ANSWER-B. Uniform
System of
Accounts for the Lodging Industry
Which statement is true regarding raw data that is
submitted to STR? a. A small amount comes in the form
of raw data files
,b. Most data is entered online
c. There are limited error check programs
d. The majority of data is exported from the hotel company
systems - ANSWER-D. The majority of data is exported from
the hotel company systems
Which one of the following is NOT an accurate statement
regarding HOST/Profitability reports?
A) The user can select hotels to include in a
HOST/Profitability Report similar to selecting hotels for a
Trend Report.
B) HOST/Profitability Reports are a valuable tool to identify
profitability for a group of hotels.
C) HOST/Profitability Reports include numbers for
Revenues and Profits, but not Expenses.
D) HOST/Profitability Reports display annual Profit and
Loss numbers for two or more years. - ANSWER-C)
HOST/Profitability Reports include numbers for Revenues and
Profits, but not Expenses.
Which one of the following is NOT an accurate statement
regarding
, Segmentation and Additional Revenue data submitted by
some STR hotels?
A) Additional Revenue data includes Food & Beverage
Revenue and Other Revenue in addition to Room Revenue, as
well as a Total Revenue number which is the combination of
all three.
B) Group Rooms Sold and Room Revenue are defined as
business in blocks of 50 rooms per night or more.
C) Segmentation data includes Rooms Sold and Room
Revenue for Group, Transient and Contract.
D) A good example of Contract business is airline crews. -
ANSWER-B) Group Rooms Sold and Room Revenue are
defined as business in blocks of 50 rooms per night or more.
Which one of the following is NOT an accurate statement
regarding Destination Reports?
A) The recipient can personalize their Destination Report to
meet their specific needs or answer their questions.
B) Recipients can use Destination Reports to "keep their
finger on the pulse" of the hotel industry in a specific area.
C) Although there are many types of recipients the most
typical recipient of a Destination Report is a Tourism
Organization.