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Exam (elaborations)

CHIA Module 2 Exam Test Questions All Answered

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CHIA Module 2 Exam Test Questions All Answered When you receive your STAR report, your ADR for the month was $100 and the competitive set ADR was $90. What can you tell? - Answers - Your ADR was $10 higher than the average of all of the members of the competitive set The number of Rooms Available in a total market can change over time due to what four factors? - Answers - New hotel openings, Hotel closings, Hotel room additions, and Hotel room drops Hotels and hotel companies outside the U.S. may receive STAR reports in what currency? - Answers - Local Currency, US dollars or a third currency (the company gets to decide) Which is true regarding the type of performance data (Supply, Demand, Revenue) that STR receives? - Answers - Daily and monthly only How are exchange rates handled when it comes to multiple time periods, e.g. YTD, Running 3 month or Running 12 month? - Answers - The exchange rate for each individual month, specifically the last day of that month, is used

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April 21, 2024
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2023/2024
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