CHIA Exam Bundle (Graded A) Updated 2023

Major Geographic Categories - ANSWER--World -Continent -Sub-Continent -Country -Market -Tract or Submarket Continents - ANSWER--4 -Americas, Europe, Mideast/Africa and Asia Pacific Sub-Continents - ANSWER--4 for each continent When it comes to recognizing countries... - ANSWER-STR use...

KPIs - ANSWER-Key Performance Indicators 1) Occupancy Percentage 2) ADR (Average Daily Rate) 3) RevPAR (Revenue Per Available Room) Census vs Hotel Database - ANSWER-Census Database contains all of the hotels in the world, but the Hotel Database contains all of the reporting hotels in the worl...

What is a star report - ANSWER-compare subject property's performance to competitive set and one or more surrounding industry segments star reports are usually generated when? - ANSWER-each month, week, and/or day ad-hoc reports are - ANSWER-provide historic info used for feasibility studies,...

What are the different kinds of affiliations a single hotel can have? - ANSWER-Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? - ANSWER-The hotel brand Ther...

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? a. Hampton Inn b. Motel 6 c. Choice d. Holiday Inn Express - ANSWER-Choice Which is a true statement about Parent Companies? a. Parent Companies and the related chains...

who are players in the hotel industry - ANSWER-affiliations operations and independents categorizations used by hotel industry - ANSWER-geographic categories non-geographic categories what affiliations could a single hotel have - ANSWER-chain parent company management company owner asse...

What are the different kinds of affiliations a single hotel can have? - ANSWER-Chain Parent Company Operation: Corporate, Franchise, or Independent Management Company Owner Asset Management Company Membership or Marketing Groups What does a chain represent? - ANSWER-The hotel brand Ther...

Three Different Operation Types - ANSWER-Corporate, Franchise, Independent STR geographic categorization for continent & subcontinent - ANSWER-Continents: 1. Americas 2. Europe 3. Mideast/Africa 4. Asia Pacific Sub continent: 1. North America 2. South America 3. Central America 4. Cari...

Most of the entities below are classified as "Parent Companies". Which one is a "chain" within a larger parent company? - ANSWER-Ritz Carlton When talking about US industry data, which is an accurate explanation of "modeled data"? - ANSWER-Modeled data is derived by using actual data from r...

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - ANSWER-Choice Which is a true statement about Parent Companies? - ANSWER-Parent Companies and the related chains have changed over time What are the three different opera...

Most of the entities below are classified as "Chains". Which one is a "Parent Company" consisting of multiple chains? - ANSWER-Starwood Hotels and Resorts, Accor Which is a true statement about Parent Companies? - ANSWER-parent companies and the related chains have changed over time What a...

b. Hotels and hotel companies cannot obtain Ad-Hoc Industry reports or Destination Reports. - ANSWER-Which is NOT an accurate statement regarding the differences between STAR Reports, Ad-hoc Industry Reports, and Destination Reports? a. Ad-hoc Industry Reports are requested on a one-time, as need...

Modeled Data is derived by using actual data from reporting hotels to estimate performance for non-reporting hotels - ANSWER-When talking about U.S. Industry Data, which is an accurate explanation of "modeled data"? New hotel openings, Hotel closings, Hotel room additions, and Hotel room drops ...

30) The definitions for Supply, Demand and Revenue used by STR and others in the lodging industry are taken from what source? - ANSWER-Uniform System of Accounts for the Lodging Industry Which statement is true regarding raw data that is submitted to STR? - ANSWER-The majority of data is exported...