CHIA EXAM Questions With 100% Correct Answers 2024/2025

CHIA EXAM Questions With 100% Correct Answers 2024/2025 What are three different operation types? - answerChain Management, Franchise, Independent Which is a true statement regarding markets? - answerNo market will ever cross country boundaries Markets and submarkets are created based on what two determining factors? - answerNumber of hotels and participation Which is a true statement regarding submarkets? - answerA submarket may represent a small city in a rural market Changes to how markets and submarkets are geographically defined are made how often? - answerEvery five years Which to non-geographic categories are the most important for a hotel GM? - answerScale and Class How many scale categories are there compared to class categories? - answer7 Scale categories and 6 Class categories Which one of the following is an accurate statement regarding scale in class groups and a single chain? - answerA Ritz Carlton hotel will always be in the same Scale and Class groups in every country throughout the world All of the following are good reasons for a hotel to have an additional competitive set, except which one? - answerHave one set that you can easily beat and another which is a realistic target What is an average number of hotels in a competitive set? - answerBetween five and six Which is true regarding the type of performance data (supply, demand, revenue) that STR receives? - answerDaily and monthly only You receive your monthly STAR and find it includes weekday and weekend performance, what days are included in weekday and most parts of the world? - answerSunday thru Thursday In which of the following situations will occupancy increase? - answerSupply decreases 10% and demand decreases 5% Which statement is true regarding rev par? - answerIt can be thought of as a combination of occupancy and ADR Which one of the following statements is accurate regarding sufficiency as it related to comp set data? - answerThe sufficiency rules are in place to protect the confidentiality of the data Key performance indicators KPI for the competitive set (for example the average occupancy) are: - answerAlways based upon the aggregated raw data of each member of the competitive set What happens when there is a non-reporting hotel in a competitive set? - answerthe comp set average is calculated based on the reporting hotels When you receive your STAR report your ADR index was 110 and your occupancy index was 90. What do you know? - answerThe RevPAR index will be in the neighborhood of 100 When you receive your STAR report, you see that your rev par index was 90 this year compared to 80 last year. What do you know for s