CHIA Practice Exam Questions With 100% Correct Answers
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Module
CHIA
Institution
CHIA
CHIA Practice Exam Questions With 100%
Correct Answers
Which is a parent company consisting of multiple chains? - answerChoice Hotels
Which is a true statement about parent companies? - answerParent companies and related
chains have changed over time
What are the 3 different operation types - ...
CHIA Practice Exam Questions With 100% Correct Answers Which is a parent company consisting of multiple chains? - answer✔✔Choice Hotels Which is a true statement about parent companies? - answer✔✔Parent companies and related chains have changed over time What are the 3 different operation types - answer✔✔Corporate, Franchise, Independent Which is a true statement about independent hotels? - answer✔✔Independent hotels are not affiliated with a specific chain Which is a true statement about management companies? - answer✔✔Management companies have contracts where they receive payment for their services and some of the profits Which is a true sta tement regarding geographic categorization? - answer✔✔STR uses the UNWTO definitions when it comes to recognizing countries Which is true regarding markets? - answer✔✔No market will ever cross country boundaries in descending order of geographic size, whic h is correct? - answer✔✔Continent, sub -continent, country, market, tract/sub -market which two geographic categories are the most important for a hotel GM - answer✔✔Market and tract/sub -market markets and tracts are created based on what two determining fac tors - answer✔✔number of hotels and participation which is true regarding tracts - answer✔✔tracts are referred to as sub -markets outside of north America Changes to how markets and tracts are geographically defined are made how often - answer✔✔annually which two non -geographic categories are the most important for a hotel GM - answer✔✔scale and class How many scale categories are there compared to class categories - answer✔✔7 scale and 6 class which one is an accurate statement regarding scale and class gro ups in a single chain? - answer✔✔A Ritz Carlton Hotel will always be in the same scale and class groups in every country throughout the world which one is an accurate statement regarding class groups - answer✔✔independent hotels are slotted into class grou ps based upon the ADR of the independent hotel compared to the chain hotels in the same market Which one is NOT a location category used by the hotel industry - answer✔✔oceanfront Which is NOT a valid non -geographic category - answer✔✔guest satisfaction rating benchmarking in the hotel industry takes place at what level? - answer✔✔property level corporate level geographic level comp sets are used for many purposes in hotel operation s, which is one of those purposes - answer✔✔used to aid sales and marketing used in management contracts for performance requirements effect a GMs compensation 4 key considerations when creating a comp set - answer✔✔participation, proximity, pricing, and p roduct all of the following are good reasons for a hotel to have additional comp sets except - answer✔✔have one set that you can easily beat and another which is a realistic target when can a comp set be created - answer✔✔when the hotel is under constructi on who creates a competitive set for a chain hotel - answer✔✔it is a joint effort involving many stakeholders what is the average number of hotels in a comp set - answer✔✔between 5 and 6 which is a valid rule related to creating a comp set - answer✔✔when p ercentages are calculated, the rooms of the subject hotel, as well as the same chain and parent company, are excluded what is a reverse comp set - answer✔✔properties that name your hotel in their comp set
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