CHIA Certification (150-187) Exam Questions 100% Correct Detailed Solutions New Update

CHIA Certification (150-187) Exam Questions 100% Correct Detailed Solutions New Update Running 28-Day is defined as... - Answer- The current day plus the prior 27 days Running 4-Week is defined as... - Answer- The current day plus the prior 3 same days of the week How NOT to calculate metrics for multiple time periods: - Answer- Numbers for multiple time periods never use averages of monthly or daily values; Some people mistakenly compute YTD occupancy by adding the occupancy of each month and dividing by the number of months 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. 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- A. Which is true regarding the type of performance data (Supply, Demand, Revenue) that STR receives? A. Daily only B. Daily and Monthly only C. Daily, Weekly, and Monthly D. Daily, Weekly, Monthly, and Quarterly - Answer- B. You receive your monthly STAR and find that it includes weekday and weekend performance, what days are included in the "weekday"? A. Sunday-Thursday B. Friday and Saturday C. Sunday-Saturday D. Monday-Friday - Answer- A. In which of the following situations will occupancy increase? A. Supply increases 10% and demand increases 5% B. Supply decreases 5% and demand decreases 10% C. Supply increases 5% and demand decreases 5% D. Supply decreases 5% and demand increases 5% - Answer- B.