CHIA EXAM pt 2 Questions With 100% Correct Answers 2024/2025

CHIA EXAM pt 2 Questions With 100% Correct Answers 2024/2025 When talking about U.S. Industry Data, which is an accurate explanation of "modeled data"? a. U.S Industry Data is based only on the actual data from reporting hotels b. Modeled Data does not help compensate for the non-participating low-end independent hotels in the U.S. c. Modeled Data does not help increase the accuracy of U.S. Industry data d. Modeled Data is derived by using actual data from reporting hotels to estimate performance for non-reporting hotels - answerD The number of Rooms Available in a total market can change over time due to what four factors? a. New hotel openings, Hotel closings, Brand conversions, and Renovations b. New hotel openings, Brand Conversions, Hotel room additions, and Hotel room drops c. Hotel closings, Brand conversions Hotel Room additions, and Hotel Room drops d. New hotel openings, Hotel closings, Hotel room additions, and Hotel room drops - answerD What is the period of time a hotel must close completely due to renovation in order to be considered a Close and Reopen? a. Two weeks or longer b. One months or longer c. Six months or longer d. Twelve months or longer - answerB What is the minimum number of reporting hotels for an industry segment to be considered "sufficient"? a. Two b. Three c. Four d. Five - answerC Hotels and hotel companies outside the U.S. may receive STAR reports in what currency? a. Local currency only b. Euro only c. U.S. dollars only d. Local Currency, US dollars or a third currency (the company gets to decide) - answerD Modeled data is used in which country? a. United Kingdom b. United States c. China d. All countries - answerB How are exchange rates handled when it comes to multiple time periods, e.g. YTD, Running 3 month or Running 12 month? a. The exchange rate on the first month is used for all months b. Raw data is aggregated using the exchange rate for each individual month, then the KPIs are calculated for the time period. c. The exchange rate for each day is used d. The exchange rate for the last month is used - answerB Which one of the following is a non-g