CHIA Practice Exam | 100% Correct Answers | Verified | Latest 2024 Version

Which is a parent company consisting of multiple chains? - Choice Hotels Which is a true statement about parent companies? - Parent companies and related chains have changed over time What are the 3 different operation types - Corporate, Franchise, Independent Which is a true statement about independent hotels? - Independent hotels are not affiliated with a specific chain Which is a true statement about management companies? - Management companies have contracts where they receive payment for their services and some of the profits Which is a true statement regarding geographic categorization? - STR uses the UNWTO definitions when it comes to recognizing countries Which is true regarding markets? - No market will ever cross country boundaries in descending order of geographic size, which is correct? - Continent, sub-continent, country, market, tract/sub-market