CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
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
There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms
or more - (answer)22; 24
Most people agree that _______ was the first chain. - (answer)Holiday Inn
Parent Companies - (answer)Consist of multiple chains; often the parent company will havea variety of
different types of chains
T/F A parent company may have a range of high-end, middle, and low-end chains; or they may
concentrate in one area - (answer)True
What is the top parent company in the US? - (answer)Hilton Worldwide
Corporate hotel - (answer)A chain hotel owned or managed by the chain or the parent company
Franchise hotel - (answer)A chain hotel run by a 3rd party where the chain receives some sort of
franchise fee
,CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
Independent hotel - (answer)Not affiliated with a chain or parent company
Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the
most US properties? Which one has the least? - (answer)Most=Franchise
Least=Corporate
Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the
most worldwide properties? Which one has the least? - (answer)Most=Independent
Least=Corporate
What is the ratio of chain hotels vs. independent hotels in the US? - (answer)70% are chain; 30% are
independent
What is the ratio of chain hotels vs. independent hotels worldwide? - (answer)40% are chain; 60% are
independent
Management company - (answer)Operates a hotel for another party; the company has a management
contract where it receives payment/some portion of profits
T/F Some chains or parent companies manage their own hotels - (answer)True
Owner companies - (answer)There are many companies that own multiple hotels
Asset management company - (answer)Represents the owner in the operation of a hotel
T/F A hotel cannot have both a management company and an asset management company -
(answer)False. They can.
T/F The Holiday Inn and Holiday Inn Express are 2 different chains - (answer)True
,CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
What are the 3 classifications of operation types? - (answer)1. Corporate
2. Franchise
3. Independent
T/F There is a very strong trend for US hotels to expand internationally because the opportunity for
large US chains is there - (answer)True
Describe the average independent hotel in the US - (answer)Classified as Economy, Located in a
Suburban area, and has 25 rooms or less
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)C. Choice
Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country. - (answer)A. They and their related chains have changed
over time
Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain.
B. Chain hotels outnumber independent hotels in every country of the world.
, CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
C. Independent hotels are mostly Luxury class hotels in Urban locations with more than 150 rooms
D. Independent hotels may never be managed by an outside entity. - (answer)A. They're not affiliated
with a specific chain.
Which is a true statement about management companies?
A. They have contracts where they receive payment for their services and/or some portion of the
profits.
B. They may manage only one chain.
C. They will always own the hotels they manage.
D. They serve the exact same role as asset management companies. - (answer)A. They have contracts...
What are the major geographic categories? - (answer)World
Continent
Sub-continent
Country
Market
Tract or Submarket
What are the 4 continents (according to STR)? - (answer)Americas, Europe, Mideast/Africa, and Asia
Pacific
Each continent includes how many sub-continents? - (answer)3-4
What are the 9 US regions? - (answer)New England
Middle Atlantic
South Atlantic
East North Central
East South Central
Detailed Answers| Brand New Version!
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
There are __ chains in the US with 50,000 rooms or more and __ chains in the world with 75,000 rooms
or more - (answer)22; 24
Most people agree that _______ was the first chain. - (answer)Holiday Inn
Parent Companies - (answer)Consist of multiple chains; often the parent company will havea variety of
different types of chains
T/F A parent company may have a range of high-end, middle, and low-end chains; or they may
concentrate in one area - (answer)True
What is the top parent company in the US? - (answer)Hilton Worldwide
Corporate hotel - (answer)A chain hotel owned or managed by the chain or the parent company
Franchise hotel - (answer)A chain hotel run by a 3rd party where the chain receives some sort of
franchise fee
,CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
Independent hotel - (answer)Not affiliated with a chain or parent company
Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the
most US properties? Which one has the least? - (answer)Most=Franchise
Least=Corporate
Of the 3 basic types of hotel operations (corporate, franchise, and independent), which one has the
most worldwide properties? Which one has the least? - (answer)Most=Independent
Least=Corporate
What is the ratio of chain hotels vs. independent hotels in the US? - (answer)70% are chain; 30% are
independent
What is the ratio of chain hotels vs. independent hotels worldwide? - (answer)40% are chain; 60% are
independent
Management company - (answer)Operates a hotel for another party; the company has a management
contract where it receives payment/some portion of profits
T/F Some chains or parent companies manage their own hotels - (answer)True
Owner companies - (answer)There are many companies that own multiple hotels
Asset management company - (answer)Represents the owner in the operation of a hotel
T/F A hotel cannot have both a management company and an asset management company -
(answer)False. They can.
T/F The Holiday Inn and Holiday Inn Express are 2 different chains - (answer)True
,CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
What are the 3 classifications of operation types? - (answer)1. Corporate
2. Franchise
3. Independent
T/F There is a very strong trend for US hotels to expand internationally because the opportunity for
large US chains is there - (answer)True
Describe the average independent hotel in the US - (answer)Classified as Economy, Located in a
Suburban area, and has 25 rooms or less
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)C. Choice
Which is a true statement about parent companies?
A. They and their related chains have changed over time
B. They must consist of no more than 5 chains.
C. They can only consist of chains in a single Scale.
D. They can only have hotels in a single country. - (answer)A. They and their related chains have changed
over time
Which is a true statement about independent hotels?
A. Independent hotels are not affiliated with a specific chain.
B. Chain hotels outnumber independent hotels in every country of the world.
, CHIA Certification Exam Preparation Version 1 Newest With Complete Questions And Correct
Detailed Answers| Brand New Version!
C. Independent hotels are mostly Luxury class hotels in Urban locations with more than 150 rooms
D. Independent hotels may never be managed by an outside entity. - (answer)A. They're not affiliated
with a specific chain.
Which is a true statement about management companies?
A. They have contracts where they receive payment for their services and/or some portion of the
profits.
B. They may manage only one chain.
C. They will always own the hotels they manage.
D. They serve the exact same role as asset management companies. - (answer)A. They have contracts...
What are the major geographic categories? - (answer)World
Continent
Sub-continent
Country
Market
Tract or Submarket
What are the 4 continents (according to STR)? - (answer)Americas, Europe, Mideast/Africa, and Asia
Pacific
Each continent includes how many sub-continents? - (answer)3-4
What are the 9 US regions? - (answer)New England
Middle Atlantic
South Atlantic
East North Central
East South Central
